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November 24, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Grand Island, Business Loans > Equitable Bank Grand Island Business Loans > Sporting Goods Stores Loan | ||||
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How to Get SBA Loans in Kearney, Nebraska
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Loans for Sporting Goods StoresLooking for loans for sporting goods stores? Try the SBA. This $175,000 sporting goods stores loan was issued by a Nebraska bank. This company knew how to go about getting a business bank loan. Based in Kearney, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Equitable Bank, based in Grand Island, Nebraska. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES SBA Loan Lender EQUITABLE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 11/28/2007 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $87,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - Getting Venture Capital Small Business Banks in Grand Island, Nebraska Getting an SBA Loan in Nebraska
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