Pinnacle Bank-Wyoming Gives Small Business Loan to Retail Stores Company

Small business loans in Nebraska are are few and far betweeen these days. We take a look at one Nebraska small business loan, provided by a Nebraska bank, that was approved by the SBA.

By giving the right information to Pinnacle Bank-Wyoming, this Mitchell, Nebraska business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
MITCHELL, NE 69357

SBA Loan Lender

PINNACLE BANK-WYOMING
1151 BROADWAY
MITCHELL, NE 69357

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

446199 - Health and Personal Care Stores

Loan Approval Date

4/14/2003

Loan Approval Gross Amount

$78,400

Loan Approval from the SBA

Of the total $78,400 loan amount, the SBA guaranteed $66,640.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Mitchell NE, you ought to talk with a local Mitchell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mitchell businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Getting a Small Business Loan

Best Mitchell, Nebraska Banks for Small Business

Where to Get an SBA Loan Nebraska