How to Get a Loan for Racetracks

With these business loans for racetracks, the SBA guarantees the lender that the loan will be repaid. This racetracks loan for $100,000 was given to a Nebraska entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Scribner, Nebraska was able to borrow $100,000 from Amer National Bank - Fremont. The SBA made the loan possible by guaranteeing $85,000 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: RACETRACKS
SCRIBNER, NE 68057

SBA Loan Lender

AMER NATIONAL BANK - FREMONT
99 W SIXTH ST
FREMONT, NE 68025

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7948 -

NAICS Code

711212 - Racetracks

Loan Approval Date

7/29/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

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 Amer National Bank - Fremont 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:

The Friends and Family Network

SBA 7A Banks for Fremont, Nebraska Loans

Where to Get an SBA Loan Nebraska