Borrowing Money for Household Cooking Appliance Manufacturing

Looking for loans for household cooking appliance manufacturing? Talk to a banker who works with the SBA. This $50,000 household cooking appliance manufacturing loan was issued by a Nebraska bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stapleton, Nebraska was able to borrow $50,000 from Bank Of Stapleton. The SBA made the loan possible by guaranteeing $42,500 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD COOKING APPLIANCE MANUFACTURING
STAPLETON, NE 69163

SBA Loan Lender

BANK OF STAPLETON
324 MAIN ST
STAPLETON, NE 69163

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

335221 - Household Cooking Appliance Manufacturing

Loan Approval Date

6/1/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Equity Financing

Small Bank Loans in Stapleton, Nebraska

SBA Participating Banks in Nebraska