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November 14, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Omaha, Business Loans > Pinnacle Bank Omaha Business Loans > Top Dead Center Atuomotive Cor Loan | ||||
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Raising Money in Omaha, Nebraska With SBA Loans
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Omaha, NE Entrepreneur Gets SBA Loan to Buy Tuffy Muffler Center FranchiseNeed money to invest in a Tuffy Muffler Center franchise? Pinnacle 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 Tuffy Muffler Center franchise back in 2003. Pinnacle Bank issued an SBA franchise loan. Here are the details on this Nebraska small business loan. SBA Loan Borrower TOP DEAD CENTER ATUOMOTIVE COR SBA Loan Lender PINNACLE BANK 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 811111 - General Automotive Repair Loan Approval Date 11/26/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Tuffy Muffler Center franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pinnacle Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pinnacle Bank 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: Realistic Debt Financing Options Best Banks for Small Business in Omaha, Nebraska
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