Entrepreneur Works With Seward, Nebraska Bank to Get an SBA Loan

Want to talk with a Seward, Nebraska bank about a business loan? Here's one Nebraska business loan, issued by a Seward bank, that was approved by the SBA.

Applying for an SBA loan with Jones National Bank & Trust - Sewar worked out well for our friends at one local firm in Milford, Nebraska. They got an SBA loan for $25,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS
MILFORD, NE 68405

SBA Loan Lender

JONES NATIONAL BANK & TRUST - SEWAR
203 S 6TH ST
SEWARD, NE 68434

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

238220 - Plumbing, Heating, and Air-Conditioning Contractors

Loan Approval Date

2/8/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Jones National Bank & Trust - Sewar had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Jones National Bank & Trust - Sewar made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Seward, Nebraska

SBA Nebraska Lenders