Where to Get Capital for Soil Preparation, Planting, and Cultivating

With these SBA loans for soil preparation, planting, and cultivating, the SBA guarantees the lender that the loan will be repaid. This soil preparation, planting, and cultivating loan for $80,000 was given to a Nebraska entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Wilcox, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First National Bank - Holdrege, based in Holdrege, Nebraska.

SBA Loan Borrower

COMPANY TYPE: SOIL PREPARATION, PLANTING, AND CULTIVATING
WILCOX, NE 68982

SBA Loan Lender

FIRST NATIONAL BANK - HOLDREGE
401 EAST AVE
HOLDREGE, NE 68949

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.

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

10/2/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 only one employee. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 - Holdrege 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.

Related Links:

Obtaining Funding - How to Borrow Money

Small Business Banks in Holdrege, Nebraska

Getting an SBA Loan in Nebraska