Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

SBA Lenders That Lend to Stuart Entrepreneurs

 

 
Loan Census SBA Loan Info

Firm Gets a Nebraska Small Business Loan

NebraskaSmall business loans are available to Nebraska small business owners through the SBA. In this case, a Nebraska bank provides the loan.

Getting a small business loan in Stuart, Nebraska was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Great Western Bank. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES
STUART, NE 68780

SBA Loan Lender

GREAT WESTERN BANK
118 E STATE ST
ATKINSON, NE 68713

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5191 - Farm Supplies

NAICS Code

424910 - Farm Supplies Merchant Wholesalers

Loan Approval Date

6/2/2006

Loan Approval Gross Amount

$843,000

Loan Approval from the SBA

Of the total $843,000 loan amount, the SBA guaranteed $632,250.

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 21 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $843,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

504 Loans

Good Banks for Small Business in Atkinson, Nebraska

Nebraska SBA 7A Banks