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.
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