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May 12, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Wood River, Business Loans > Heritage Bank Wood River Business Loans > Water Supply And Irrigation Systems Loan | ||||
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Grand Island, Nebraska Bank Loan
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Heritage Bank Gives Bank Loan to Water Supply And Irrigation Systems CompanyWould a Nebraska SBA loan help your business get to the next level? If so, you may want to talk with this Nebraska bank, which offers SBA loans to Nebraska entrepreneurs. By giving the right information to Heritage Bank, this Grand Island, Nebraska business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: WATER SUPPLY AND IRRIGATION SYSTEMS SBA Loan Lender HERITAGE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 221310 - Water Supply and Irrigation Systems Loan Approval Date 2/23/2004 Loan Approval Gross Amount $118,400 Loan Approval from the SBA Of the total $118,400 loan amount, the SBA guaranteed $100,640. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Grand Island or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Wood River, Nebraska
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