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November 23, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Kearney, Business Loans > Platte Valley St. Bank & Trust Kearney Business Loans > Farm Supplies Loan | ||||
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Nebraska Bank SBA Loans
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Platte Valley St. Bank & Trust SBA Loan to Farm Supplies CompanyLooking to get a Nebraska SBA loan? Here's one Nebraska business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kearney, Nebraska was able to borrow $150,000 from Platte Valley St. Bank & Trust. The SBA made the loan possible by guaranteeing $112,500 of this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES SBA Loan Lender PLATTE VALLEY ST. BANK & TRUST This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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. SIC Code 5191 - Farm Supplies Loan Approval Date 5/23/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 5 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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. Related Links: Where to Get an SBA Loan in Kearney, Nebraska
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