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November 15, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Gothenburg, Business Loans > First State Bank Gothenburg Business Loans > Farm Machinery And Equipment Manufacturing Loan | ||||
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We Needed a Commercial Loan in Lexington, Nebraska and We Got One!
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Where to Get Capital for Farm Machinery and Equipment ManufacturingLooking for small business loans for farm machinery and equipment manufacturing? An SBA loan may be just what you've been looking for. This $350,000 farm machinery and equipment manufacturing loan was issued by a Nebraska bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lexington, Nebraska was able to borrow $350,000 from First State Bank. The SBA made the loan possible by guaranteeing $175,000 of this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender FIRST STATE 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 333111 - Farm Machinery and Equipment Manufacturing Loan Approval Date 6/15/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $350,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Banks in Gothenburg, Nebraska Getting an SBA Loan in Nebraska
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