Financing for Veterinary Services

With these commercial loans for veterinary services, the SBA guarantees the lender that the loan will be repaid. This veterinary services loan for $500,000 was given to a Nebraska entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Papillion, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Mountain 1st Bank & Trust, based in Hendersonville, North Carolina.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
Papillion, NE 68046

SBA Loan Lender

MOUNTAIN 1ST BANK & TRUST
101 JACK ST
HENDERSONVILLE, NC 28792

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

10/26/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 only one employee. The loan application indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Small Business Credit Cards

Small Bank Loans in Hendersonville, North Carolina

North Carolina SBA 7A Lenders