First National Bank & Tr - Syracuse Gives Small Business Loan to Fabricated Metal Products Company

Small business loans in Nebraska are are few and far betweeen these days. We take a look at one Nebraska small business loan, provided by a Nebraska bank, that was approved by the SBA.

Getting a small business loan in Syracuse, Nebraska was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First National Bank & Tr - Syracuse. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
SYRACUSE, NE 68446

SBA Loan Lender

FIRST NATIONAL BANK & TR - SYRACUSE
320 FIFTH ST
SYRACUSE, NE 68446

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.

SIC Code

3499 - Fabricated Metal Products

Loan Approval Date

8/2/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 13 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $150,000 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:

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