Mitchell, Nebraska Bank Gives SBA Loan to Commodity Contracts Brokerage Company

Get to know Mitchell, Nebraska banks that specialize in SBA loans and know how to work with entrepreneurs. Pinnacle Bank-Wyoming is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Scottsbluff, Nebraska starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Pinnacle Bank-Wyoming. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: COMMODITY CONTRACTS BROKERAGE
SCOTTSBLUFF, NE 69361

SBA Loan Lender

PINNACLE BANK-WYOMING
1151 BROADWAY
MITCHELL, NE 69357

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

523140 - Commodity Contracts Brokerage

Loan Approval Date

4/11/2003

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Scottsbluff 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.

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