Omaha, NE Entrepreneur Gets SBA Loan to Buy Convenient Food Mart Franchise

Need a loan to buy a Convenient Food Mart franchise? First Westroads Bank, Inc has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Omaha, Nebraska needed money to invest in a Convenient Food Mart franchise back in 2002. First Westroads Bank, Inc issued an SBA franchise loan. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

CONVENIENT FOOD MART-UNIT 1739
OMAHA, NE 68164

SBA Loan Lender

FIRST WESTROADS BANK, INC
15750 W DODGE RD
OMAHA, NE 68118

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.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

11/13/2002

Loan Approval Gross Amount

$78,400

Loan Approval from the SBA

Of the total $78,400 loan amount, the SBA guaranteed $66,640.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Convenient Food Mart franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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