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May 13, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Wood River, Business Loans > Heritage Bank Wood River Business Loans > Charter Bus Industry Loan | ||||
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Wood River SBA Lenders
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Wood River, Nebraska Bank Lends Money to Charter Bus Industry Company in Grand Island, NebraskaGet SBA loans from a Wood River, Nebraska bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Heritage Bank is a Wood River, Nebraska small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Nebraska company. SBA Loan Borrower COMPANY TYPE: CHARTER BUS INDUSTRY SBA Loan Lender HERITAGE BANK This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485510 - Charter Bus Industry Loan Approval Date 10/20/2006 Loan Approval Gross Amount $245,400 Loan Approval from the SBA Of the total $245,400 loan amount, the SBA guaranteed $184,050. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 Heritage Bank 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: Where to Get an SBA Loan in Wood River, Nebraska
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