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November 23, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Spencer, Business Loans > Northwest Federal Savings Bank Spencer Business Loans > Water And Sewer Line And Related Structures Construction Loan | ||||
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Northwest Federal Savings Bank
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SBA Loan from Northwest Federal Savings Bank Helps Water And Sewer Line And Related Structures Construction CompanyNorthwest Federal Savings Bank 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. Getting a small business loan in Omaha, Nebraska was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Northwest Federal Savings Bank, operating out of Spencer, Iowa. Here are the details on this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: WATER AND SEWER LINE AND RELATED STRUCTURES CONSTRUCTION SBA Loan Lender NORTHWEST FEDERAL SAVINGS BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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 237110 - Water and Sewer Line and Related Structures Construction Loan Approval Date 3/10/2004 Loan Approval Gross Amount $94,700 Loan Approval from the SBA Of the total $94,700 loan amount, the SBA guaranteed $80,495. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $94,700 loan. Remember, anyone can do it... so why not you? 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:
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