Local Business Gets a Nebraska Bank Loan

Looking to get a Nebraska business loan? This Nebraska entrepreneur got a business loan, provided by a Nebraska bank that works with the SBA to help small business owners.

This small business, based in Newman Grove, Nebraska, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of Newman Grove. We've got the inside scoop on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
NEWMAN GROVE, NE 68758

SBA Loan Lender

BANK OF NEWMAN GROVE
416 HALE AVE.
NEWMAN GROVE, NE 68758

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

3/31/2005

Loan Approval Gross Amount

$140,600

Loan Approval from the SBA

Of the total $140,600 loan amount, the SBA guaranteed $119,510.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of Newman Grove and they will explain how you can get an SBA loan for your company.

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:

Business Cash Advances

Banks in Newman Grove, Nebraska

Nebraska SBA 7A Lenders