Home Fed. S & L Assoc - Grand SBA Loan to Sporting Goods Stores Company

An SBA loan from Home Fed. S & L Assoc - Grand 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 $32,700 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Island, Nebraska was able to borrow $32,700 from Home Fed. S & L Assoc - Grand. The SBA made the loan possible by guaranteeing $27,795 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
GRAND ISLAND, NE 68801

SBA Loan Lender

HOME FED. S & L ASSOC - GRAND
221 S LOCUST ST
GRAND ISLAND, NE 68801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

4/22/2003

Loan Approval Gross Amount

$32,700

Loan Approval from the SBA

Of the total $32,700 loan amount, the SBA guaranteed $27,795.

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. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Home Fed. S & L Assoc - Grand had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Home Fed. S & L Assoc - Grand made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Small Business Credit Cards

SBA 7A Lenders in Grand Island, Nebraska

SBA Lenders in Nebraska