Book Stores Loans

With these loans for book stores, the SBA guarantees the lender that the loan will be repaid. This book stores loan for $70,000 was given to a Nebraska entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ogallala, Nebraska was able to borrow $70,000 from Pinnacle Bank. The SBA made the loan possible by guaranteeing $59,500 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
OGALLALA, NE 69153

SBA Loan Lender

PINNACLE BANK
201 E 2ND ST
OGALLALA, NE 69153

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program requires 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

451211 - Book Stores

Loan Approval Date

3/27/2002

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours 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:

Financing Your Business

Small Business Banks in Ogallala, Nebraska

Nebraska SBA Bank Lenders