Loan Census Banking News and Information
November 14, 2024  
 
 
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Nebraska SBA Banks

 

 
Loan Census SBA Loan Info

Grand Island, Nebraska Lender Lends Money to Individual And Family Services Company

Want to talk with a Grand Island, Nebraska bank about an SBA loan? Here's one Nebraska business loan, issued by a Grand Island bank, that was approved by the SBA.

Applying for an SBA loan with Tierone Bank worked out well for our friends at one local firm in Lexington, Nebraska. The business was able to get an SBA loan for $28,800. Nice!

SBA Loan Borrower

COMPANY TYPE: INDIVIDUAL AND FAMILY SERVICES
LEXINGTON, NE 68850

SBA Loan Lender

TIERONE BANK
700 N WEBB RD
GRAND ISLAND, NE 68803

This lender issued this loan under the 7A SBA 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

624190 - Individual and Family Services

Loan Approval Date

1/31/2001

Loan Approval Gross Amount

$28,800

Loan Approval from the SBA

Of the total $28,800 loan amount, the SBA guaranteed $24,480.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Obtaining Funding From a Venture Capitalist

Who Lends Money to Small Businesses in Grand Island, Nebraska

Nebraska SBA 7A Lenders