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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 > Health Practitioners Loan | ||||
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Financing for Health PractitionersWith these loans for health practitioners, the SBA guarantees the lender that the loan will be repaid. This health practitioners loan for $200,000 was given to a Nebraska entrepreneur in 2004. This small firm knew how to go about getting a business bank loan. Based in Lincoln, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Union Bank And Trust Company, based in Lincoln, Nebraska. SBA Loan Borrower COMPANY TYPE: HEALTH PRACTITIONERS SBA Loan Lender UNION BANK AND TRUST COMPANY 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 621399 - Health Practitioners Loan Approval Date 8/5/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Union Bank And Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Determining Proper Capital Structure for a Business Small Business Banks in Lincoln, Nebraska
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