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May 15, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > North Platte, Business Loans > First National Bank North Platte Business Loans > Full-Service Restaurants Loan | ||||
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Nebraska Small Business SBA Loans
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First National Bank Gives SBA Loan to Full-Service Restaurants CompanySBA loans in Nebraska are tough to come by these days. We take a look at one Nebraska SBA loan, provided by a Nebraska bank, that was approved by the SBA. This business, based in Alliance, Nebraska, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First National Bank. We've got the inside scoop on this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender FIRST NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722110 - Full-Service Restaurants Loan Approval Date 7/7/2006 Loan Approval Gross Amount $178,157 Loan Approval from the SBA Of the total $178,157 loan amount, the SBA guaranteed $89,078. 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 54 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 54 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Borrowing Money from Friends and Family Small Business Banks in North Platte, Nebraska
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