Lincoln, Nebraska Lender Lends Money to Drywall And Insulation Contractors Company

Want to talk with a Lincoln, Nebraska bank about an SBA loan? Here's one Nebraska business loan, issued by a Lincoln bank, that was approved by the SBA.

Applying for an SBA loan with Cornhusker Bank worked out well for our friends at one local firm in Waco, Nebraska. The business was able to get an SBA loan for $60,000. Great job!

SBA Loan Borrower

COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS
WACO, NE 68460

SBA Loan Lender

CORNHUSKER BANK
1101 CORNHUSKER HWY
LINCOLN, NE 68521

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238310 - Drywall and Insulation Contractors

Loan Approval Date

3/19/2003

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cornhusker Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cornhusker Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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