Grand Island, Nebraska Bank Lends Money to Retail Stores Company in Grand Island, Nebraska

Find Grand Island, Nebraska banks that specialize in small business loans and know how to work with entrepreneurs. Five Points Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Grand Island, Nebraska starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Five Points Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
GRAND ISLAND, NE 68801

SBA Loan Lender

FIVE POINTS BANK
370 N WALNUT ST
GRAND ISLAND, NE 68801

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

5/5/2000

Loan Approval Gross Amount

$8,000

Loan Approval from the SBA

Of the total $8,000 loan amount, the SBA guaranteed $6,400.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Getting a Small Business Loan

SBA Approved Banks in Grand Island, Nebraska

Getting an SBA Loan in Nebraska