Where to Get Capital for Electronic Auctions

Looking for small business loans for electronic auctions? Try the SBA. This $46,200 electronic auctions loan was issued by a Nebraska bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kearney, Nebraska was able to borrow $46,200 from First State Bank. The SBA made the loan possible by guaranteeing $39,270 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC AUCTIONS
KEARNEY, NE 68848

SBA Loan Lender

FIRST STATE BANK
914 LAKE
GOTHENBURG, NE 69138

This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454112 - Electronic Auctions

Loan Approval Date

8/25/2006

Loan Approval Gross Amount

$46,200

Loan Approval from the SBA

Of the total $46,200 loan amount, the SBA guaranteed $39,270.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $46,200. How would you spend $46,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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