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November 21, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Bennington, Business Loans > Bank Of Bennington Bennington Business Loans > Tobacco And Tobacco Products Loan | ||||
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Bank Of Bennington Omaha
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Bank Of Bennington SBA Loan to Tobacco And Tobacco Products CompanyBank Of Bennington 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. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Omaha, Nebraska was able to borrow $750,000 from Bank Of Bennington. The SBA made the loan possible by guaranteeing $562,500 of this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: TOBACCO AND TOBACCO PRODUCTS SBA Loan Lender BANK OF BENNINGTON This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5194 - Tobacco and Tobacco Products NAICS Code 422940 - Tobacco and Tobacco Product Wholesalers Loan Approval Date 10/18/2001 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 Bank Of Bennington 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: Accountant's Role in Securing Financing SBA 7A Banks for Bennington, Nebraska Loans
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