Commercial Loans for Photography Studios, Portrait
Looking for commercial loans for photography studios, portrait? Talk to a banker who works with the SBA. This $103,500 photography studios, portrait loan was issued by a Nebraska bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Omaha, Nebraska was able to borrow $103,500 from First National Bank Of Omaha. The SBA made the loan possible by guaranteeing $87,975 of this Nebraska small business loan.
SBA Loan Borrower
COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT
OMAHA, NE 68144
SBA Loan Lender
FIRST NATIONAL BANK OF OMAHA
1620 DODGE ST
OMAHA, NE 68197
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541921 - Photography Studios, Portrait
Loan Approval Date
3/30/2005
Loan Approval Gross Amount
$103,500
Loan Approval from the SBA
Of the total $103,500 loan amount, the SBA guaranteed $87,975.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 9 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 4 existing jobs.
Getting an SBA Loan For Your Business
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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank Of Omaha had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank Of Omaha made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Getting a Small Business Loan
Banks in Omaha, Nebraska
SBA Nebraska Banks