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May 9, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Yutan, Business Loans > First State Bank Yutan Business Loans > General Long-Distance Freight Trucking Loan | ||||
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Grand Island, Nebraska Bank Loan
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General Long-Distance Freight Trucking LoansLooking for loans for general long-distance freight trucking? The SBA may be the answer. This $62,000 general long-distance freight trucking loan was issued by a Nebraska bank. This small firm knew how to go about getting a business bank loan. Based in Grand Island, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was First State Bank, based in Yutan, Nebraska. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender FIRST STATE BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 484121 - General Long-Distance Freight Trucking Loan Approval Date 10/18/2006 Loan Approval Gross Amount $62,000 Loan Approval from the SBA Of the total $62,000 loan amount, the SBA guaranteed $31,000. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: Obtaining Funding From a Venture Capitalist
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