Postharvest Crop Activities Commercial Loans

With these commercial loans for postharvest crop activities, the SBA guarantees the lender that the loan will be repaid. This postharvest crop activities loan for $150,000 was given to a Nebraska entrepreneur in 2001.

Getting a small business loan in Lincoln, Nebraska was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Charter Bank, operating out of Johnston, Iowa. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: POSTHARVEST CROP ACTIVITIES
LINCOLN, NE 68523

SBA Loan Lender

CHARTER BANK
5526 NW 86TH ST
JOHNSTON, IA 50131

This lender issued this particular bank 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

115114 - Postharvest Crop Activities

Loan Approval Date

11/28/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 20 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new 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.

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 Charter Bank 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:

A Company That Helps Entrepreneurs

SBA 7A Banks for Johnston, Iowa Loans

Iowa SBA Banks