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May 15, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Kearney, Business Loans > Platte Valley St. Bank & Trust Kearney Business Loans > Motorcycle, Bicycle, And Parts Manufacturing Loan | ||||
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Kearney Bank Loan
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Kearney, Nebraska Lender Lends Money to Motorcycle, Bicycle, And Parts Manufacturing CompanyThinking about meeting with a Kearney, Nebraska bank about a small business loan? Here's one Nebraska business loan, issued by a Kearney bank, that was approved by the SBA. Applying for an SBA loan with Platte Valley St. Bank & Trust worked out well for our friends at one local firm in Bertrand, Nebraska. The business was able to get an SBA loan for $45,000. Sweet! SBA Loan Borrower COMPANY TYPE: MOTORCYCLE, BICYCLE, AND PARTS MANUFACTURING SBA Loan Lender PLATTE VALLEY ST. BANK & TRUST 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 336991 - Motorcycle, Bicycle, and Parts Manufacturing Loan Approval Date 12/18/2002 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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 SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Platte Valley St. Bank & Trust 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: Best Banks for Small Business in Kearney, Nebraska Getting an SBA Loan in Nebraska
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