Omaha, Nebraska Entrepreneur Gets an SBA Loan
NebraskaSmall business loans are available to Nebraska small business owners through the SBA. In this case, a Nebraska bank provides the loan.
Getting a small business loan in Omaha, Nebraska was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from American Interstate Bank. Here are the details on this Nebraska small business loan.
SBA Loan Borrower
COMPANY TYPE: CERTIFIED PUBLIC ACCOUNTANTS
OMAHA, NE 68116
SBA Loan Lender
AMERICAN INTERSTATE BANK
701 GATEWAY RD
ELKHORN, NE 68022
This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541211 - Certified Public Accountants
Loan Approval Date
10/14/2003
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $25,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from American Interstate Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
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Where to Get an SBA Loan in Elkhorn, Nebraska
Nebraska SBA 7A Banks