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November 21, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Omaha, Business Loans > Great Western Bank Omaha Business Loans > Roofing, Siding, And Insulation Materials Loan | ||||
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Great Western Bank Business Loan
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Great Western Bank SBA Loan to Roofing, Siding, And Insulation Materials CompanyGreat Western Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Nebraska entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Omaha, Nebraska, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Great Western Bank, based in Omaha, Nebraska. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND INSULATION MATERIALS SBA Loan Lender GREAT WESTERN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5033 - Roofing, Siding, and Insulation Materials NAICS Code 423330 - Roofing, Siding, and Insulation Material Merchant Wholesalers Loan Approval Date 7/25/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees. 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Great Western Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - Friends and Family Getting an SBA Loan in Nebraska
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