North Platte, Nebraska Bank Gives SBA Loan to Roofing, Siding, And Sheet Metal Contractors Company

Get to know North Platte, Nebraska banks that specialize in business loans and know how to work with entrepreneurs. Nebraskaland National Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in North Platte, Nebraska starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Nebraskaland National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS
NORTH PLATTE, NE 69101

SBA Loan Lender

NEBRASKALAND NATIONAL BANK
121 N DEWEY
NORTH PLATTE, NE 69101

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235610 - Roofing, Siding, and Sheet Metal Contractors

Loan Approval Date

7/30/2003

Loan Approval Gross Amount

$42,500

Loan Approval from the SBA

Of the total $42,500 loan amount, the SBA guaranteed $36,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised 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 typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $42,500. How would you spend $42,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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