Temporary Help Services Loans
Looking for loans for temporary help services? The SBA may be the answer. This $33,600 temporary help services loan was issued by a Minnesota bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Omaha, Nebraska was able to borrow $33,600 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $28,560 of this Nebraska small business loan.
SBA Loan Borrower
COMPANY TYPE: TEMPORARY HELP SERVICES
OMAHA, NE 16206
SBA Loan Lender
WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408
This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561320 - Temporary Help Services
Loan Approval Date
8/14/2002
Loan Approval Gross Amount
$33,600
Loan Approval from the SBA
Of the total $33,600 loan amount, the SBA guaranteed $28,560.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
We can help you find the best banks for small businesses in Omaha or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Understanding Dilution
Where to Get an SBA Loan in Minneapolis, Minnesota
Minnesota SBA 7A Banks