Lincoln, Nebraska Bank Gives SBA Loan to Child Day Care Services Company
Thinking about meeting with a Lincoln, Nebraska bank about an SBA loan? Here's one Nebraska business loan, issued by a Lincoln bank, that was approved by the SBA.
Applying for an SBA loan with Security First Bank worked out well for our friends at one local firm in Lincoln, Nebraska. The business was able to get an SBA loan for $15,000. Nice!
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
LINCOLN, NE 68505
SBA Loan Lender
SECURITY FIRST BANK
5710 S 53RD ST
LINCOLN, NE 68516
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
10/31/2006
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $12,750.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 15 existing jobs.
Getting an SBA Loan For Your Business
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Investor Turnoffs
Best Banks in Lincoln, Nebraska
Nebraska SBA Bank Lenders