Business Loan from Pinnacle Bank Given to Fabricated Metal Products Company

Pinnacle 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 Shelby, Nebraska was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Pinnacle Bank, operating out of Shelby, Nebraska. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
SHELBY, NE 68651

SBA Loan Lender

PINNACLE BANK
215 N WALNUT
SHELBY, NE 68662

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3499 - Fabricated Metal Products

NAICS Code

332911 - Industrial Valve Manufacturing

Loan Approval Date

10/24/2003

Loan Approval Gross Amount

$236,617

Loan Approval from the SBA

Of the total $236,617 loan amount, the SBA guaranteed $177,463.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Strategic Investors

Small Bank Loans in Shelby, Nebraska

Nebraska SBA Bank Lenders