Loan Census Banking News and Information
December 18, 2024  
 
 
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Nebraska Small Business Funding

 

 
Loan Census SBA Loan Info

Financing for Wineries

Looking for loans for wineries? The SBA may be the answer. This $150,000 wineries loan was issued by a Nebraska bank.

This small firm knew how to go about getting a business bank loan. Based in Mitchell, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank, based in Scottsbluff, Nebraska.

SBA Loan Borrower

COMPANY TYPE: WINERIES
MITCHELL, NE 69357

SBA Loan Lender

FIRST NATIONAL BANK
1926 BROADWAY
SCOTTSBLUFF, NE 69361

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312130 - Wineries

Loan Approval Date

8/27/2004

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. 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 company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Equity Financing

SBA Participating Banks in Scottsbluff, Nebraska

SBA Lenders in Nebraska