Borrowing Money for Specialty Trade Contractors
With these bank loans for specialty trade contractors, the SBA guarantees the lender that the loan will be repaid. This specialty trade contractors loan for $102,600 was given to a Nebraska entrepreneur in 2006.
Getting a small business loan in Omaha, Nebraska was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Sac Fcu, operating out of Bellevue, Nebraska. Here are the details on this Nebraska small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
OMAHA, NE 68137
SBA Loan Lender
SAC FCU
11515 S 39TH ST
BELLEVUE, NE 68123
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238990 - Specialty Trade Contractors
Loan Approval Date
9/12/2006
Loan Approval Gross Amount
$102,600
Loan Approval from the SBA
Of the total $102,600 loan amount, the SBA guaranteed $87,210.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 150 employees. The loan application indicated that the loan would help retain 15 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Sac Fcu and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Angel Investors
SBA 7A Lenders in Bellevue, Nebraska
Nebraska SBA Banks