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November 21, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Lincoln, Business Loans > Tierone Bank Lincoln Business Loans > Paper Industry Machinery Manufacturing Loan | ||||
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Lincoln, Nebraska SBA 7A Banks
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Lincoln, Nebraska Bank Gives SBA Loan to Paper Industry Machinery Manufacturing CompanyThinking 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 Tierone Bank worked out well for our friends at one local company in Lincoln, Nebraska. They got an SBA loan for $102,000. Great job! SBA Loan Borrower COMPANY TYPE: PAPER INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender TIERONE BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333291 - Paper Industry Machinery Manufacturing Loan Approval Date 3/25/2004 Loan Approval Gross Amount $102,000 Loan Approval from the SBA Of the total $102,000 loan amount, the SBA guaranteed $86,700. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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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