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November 21, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Wallace, Business Loans > Farmers State Bank Wallace Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Wallace, Nebraska SBA Banks
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Entrepreneur Works With Wallace, Nebraska Bank to Get an SBA LoanWant to talk with a Wallace, Nebraska bank about a small business loan? Here's one Nebraska business loan, issued by a Wallace bank, that was approved by the SBA. Applying for an SBA loan with Farmers State Bank worked out well for our friends at one local firm in Wallace, Nebraska. They got an SBA loan for $35,000. Sweet! SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender FARMERS STATE BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 2/28/2005 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. 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 3 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Determining Proper Capital Structure for a Business Best Banks in Wallace, Nebraska
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