Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Raising Money in Omaha, Nebraska With SBA Loans

 

 
Loan Census SBA Loan Info

Omaha, NE Entrepreneur Gets SBA Loan to Buy Signs By Tomorrow Franchise

Need money to buy a Signs By Tomorrow franchise? Great Western Bank 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 Signs By Tomorrow franchise back in 2002. Great Western Bank issued an SBA franchise loan. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

GEM DANDY SIGNS INC
OMAHA, NE 68135

SBA Loan Lender

GREAT WESTERN BANK
6015 NW RADIAL HWY
OMAHA, NE 68104

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

1/7/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Signs By Tomorrow franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help create 3 new jobs.

Getting an SBA Loan For Your Business

Remember, you 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.

While you may be able to find other ways to get money to start a business, 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.

Related Links:

Signs By Tomorrow

Realistic Debt Financing Options

Who Lends Money to Small Businesses in Omaha, Nebraska

Getting a Business Loan in Nebraska