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December 22, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Lincoln, Business Loans > Union Bank And Trust Company Lincoln Business Loans > Concrete Work Loan | ||||
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Nebraska Bank SBA Loans
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Union Bank And Trust Company SBA Loan to Concrete Work CompanySearching for a Nebraska SBA loan? Here's one Nebraska business loan that was approved by the SBA. This growing firm needed an SBA business loan in Lincoln, Nebraska back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Union Bank And Trust Company, operating out of Lincoln, Nebraska. Here are the details on this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: CONCRETE WORK SBA Loan Lender UNION BANK AND TRUST COMPANY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1771 - Concrete Work Loan Approval Date 2/14/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $64,000. 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 13 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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: SBA Participating Banks in Lincoln, Nebraska
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