 |
 |
May 17, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Kearney, Business Loans > Platte Valley St. Bank & Trust Kearney Business Loans > Motor Vehicle Supplies And New Parts Loan | ||||
 |
||||
Eustis, Nebraska Bank for SBA Loans
|
||||
 |
Platte Valley St. Bank & Trust Gives Business Loan to Motor Vehicle Supplies And New Parts CompanyWould a Nebraska business loan help your company expand? If so, you may want to talk with this Nebraska bank, which offers SBA loans to Nebraska entrepreneurs. By giving the right information to Platte Valley St. Bank & Trust, this Eustis, Nebraska business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS SBA Loan Lender PLATTE VALLEY ST. BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5013 - Motor Vehicle Supplies and New Parts NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 2/21/2007 Loan Approval Gross Amount $36,720 Loan Approval from the SBA Of the total $36,720 loan amount, the SBA guaranteed $31,212. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Platte Valley St. Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Approved Banks in Kearney, Nebraska
|
|
||
|
||||
|
|
||||