Where to Get Capital for Soil Preparation, Planting, and Cultivating

With these small business loans for soil preparation, planting, and cultivating, the SBA guarantees the lender that the loan will be repaid. This soil preparation, planting, and cultivating loan for $150,000 was given to a Nebraska entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Prosser, Nebraska was able to borrow $150,000 from Heritage Bank. The SBA made the loan possible by guaranteeing $127,500 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: SOIL PREPARATION SERVICES
PROSSER, NE 68902

SBA Loan Lender

HERITAGE BANK
1333 N WEBB RD
GRAND ISLAND, NE 68803

This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0711 - Soil Preparation Services

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

12/16/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels 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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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