Heritage Bank SBA Loan to Electrical Work Company
An SBA loan from Heritage Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Grand Island, Nebraska business owner got a $75,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Island, Nebraska was able to borrow $75,000 from Heritage Bank. The SBA made the loan possible by guaranteeing $63,750 of this Nebraska small business loan.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL WORK
GRAND ISLAND, NE 68802
SBA Loan Lender
HERITAGE BANK
1333 N WEBB RD
GRAND ISLAND, NE 68803
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1731 - Electrical Work
NAICS Code
235310 - Electrical Contractors
Loan Approval Date
12/31/2001
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
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 21 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a company in Grand Island NE, you ought to talk with a local Grand Island SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Island businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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.
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