North Platte, Nebraska Entrepreneur Gets a Bank Loan
NebraskaBusiness loans are available to Nebraska business owners through the SBA. In this case, a Nebraska bank provides the loan.
By giving the right information to Farmers State Bank, this North Platte, Nebraska business was able to get an SBA loan. To get this loan, the business owner 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: HOME HEALTH CARE SERVICES
NORTH PLATTE, NE 69101
SBA Loan Lender
FARMERS STATE BANK
418 N DEWEY
NORTH PLATTE, NE 69101
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8082 - Home Health Care Services
NAICS Code
621610 - Home Health Care Services
Loan Approval Date
1/11/2007
Loan Approval Gross Amount
$67,500
Loan Approval from the SBA
Of the total $67,500 loan amount, the SBA guaranteed $50,625.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 10 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers State Bank 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:
Role of Business Plan When Raising Money
SBA 7A Banks in North Platte, Nebraska
Browse All Business Loan Sources for Nebraska