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November 14, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Omaha, Business Loans > First Westroads Bank, Inc Omaha Business Loans > Sport Clips Loan | ||||
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How to Get SBA Loans in Omaha, Nebraska
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Nebraska Entrepreneur Secures Financing to Buy Sports Clips FranchiseBorrowing money to buy a Sports Clips franchise? First Westroads Bank, Inc has a history of making these loans and they are guaranteed by the SBA. Sports Clips franchise loans are available to Omaha, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Westroads Bank, Inc, based in Omaha, Nebraska, issued an SBA franchise loan for a Sports Clips franchise in 2002. We've got all the details on this Nebraska small business loan. SBA Loan Borrower SPORT CLIPS SBA Loan Lender FIRST WESTROADS BANK, INC This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812111 - Barber Shops Loan Approval Date 5/30/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Approved Banks in Omaha, Nebraska
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