Loan to Buy Abc Seamless Franchise Issued By The Hershey State Bank

Need a loan to invest in an Abc Seamless franchise? The Hershey State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in North Platte, Nebraska needed money to invest in an Abc Seamless franchise back in 2000. The Hershey State Bank issued an SBA franchise loan. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

ABC SEAMLESS SIDING OF WEST CE
NORTH PLATTE, NE 69103

SBA Loan Lender

THE HERSHEY STATE BANK
100 S LINCOLN
HERSHEY, NE 69143

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1761 - Roofing, Siding, and Sheet Metal Work

NAICS Code

235610 - Roofing, Siding, and Sheet Metal Contractors

Loan Approval Date

3/7/2000

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $33,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Abc Seamless franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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

If you are raising money in North Platte NE, you ought to talk with a local North Platte SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Platte businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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