Lincoln, Nebraska Entrepreneur Gets a Business Loan
SBA loans in Nebraska are are few and far betweeen these days. We take a look at one Nebraska SBA loan, provided by a Minnesota bank, that was approved by the SBA.
Getting a small business loan in Lincoln, Nebraska was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank. Here are the details on this Nebraska small business loan.
SBA Loan Borrower
COMPANY TYPE: EMPLOYMENT AGENCIES
LINCOLN, NE 68504
SBA Loan Lender
WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408
This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7361 - Employment Agencies
NAICS Code
561310 -
Loan Approval Date
10/2/2002
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $150,000.
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 80 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, you control your own destiny.
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:
504 Loans
SBA Approved Banks in Minneapolis, Minnesota
SBA Participating Banks in Minnesota