Commercial Loans for Exam Preparation and Tutoring

Looking for commercial loans for exam preparation and tutoring? The SBA may be the answer. This $139,000 exam preparation and tutoring loan was issued by a Nebraska bank.

This business knew how to go about getting a business bank loan. Based in Waco, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank & Tr - Syracuse, based in Syracuse, Nebraska.

SBA Loan Borrower

COMPANY TYPE: EXAM PREPARATION AND TUTORING
WACO, NE 68460

SBA Loan Lender

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

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

11/2/2004

Loan Approval Gross Amount

$139,000

Loan Approval from the SBA

Of the total $139,000 loan amount, the SBA guaranteed $118,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $139,000 loan. Remember, anyone can do it... so why not you?

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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