Company Gets a Nebraska Bank Loan

Looking to get a Nebraska SBA loan? This Nebraska entrepreneur got an SBA loan, provided by an Iowa bank that works with the SBA to help small business owners.

You can learn something about getting a small business loan in Omaha, Nebraska by studying this loan to a local business, made back in 2005. Banks like Home Federal Savings Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: DOG AND CAT FOOD MANUFACTURING
OMAHA, NE 68124

SBA Loan Lender

HOME FEDERAL SAVINGS BANK
303 W MAIN ST
MARSHALLTOWN, IA 50158

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311111 - Dog and Cat Food Manufacturing

Loan Approval Date

2/1/2005

Loan Approval Gross Amount

$81,100

Loan Approval from the SBA

Of the total $81,100 loan amount, the SBA guaranteed $68,935.

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 5 employees. The SBA loan documents did not indicate that the small business promised 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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