Residential Mental Health and Substance Abuse Facilities Loans

With these loans for residential mental health and substance abuse facilities, the SBA guarantees the lender that the loan will be repaid. This residential mental health and substance abuse facilities loan for $200,000 was given to a Nebraska entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Wahoo, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First National Bank, based in North Platte, Nebraska.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE
WAHOO, NE 68066

SBA Loan Lender

FIRST NATIONAL BANK
201 N DEWEY ST
NORTH PLATTE, NE 69101

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

8361 - Residential Care

NAICS Code

623220 - Residential Mental Health and Substance Abuse Facilities

Loan Approval Date

5/27/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 8 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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