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May 10, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Grand Island, Business Loans > Heritage Bank Grand Island Business Loans > Radio, Tv, And Consumer Electronics Retailing Loan | ||||
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Business Loan from Heritage Bank
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Business Loan from Heritage Bank Given to Radio, Tv, And Consumer Electronics Retailing CompanyAn 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 $39,700 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Island, Nebraska was able to borrow $39,700 from Heritage Bank. The SBA made the loan possible by guaranteeing $33,745 of this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: RADIO, TV, AND CONSUMER ELECTRONICS RETAILING SBA Loan Lender HERITAGE BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5731 - Radio, TV, and Consumer Electronics Retailing NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 2/27/2001 Loan Approval Gross Amount $39,700 Loan Approval from the SBA Of the total $39,700 loan amount, the SBA guaranteed $33,745. 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 7 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Grand Island, Nebraska
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