Loan Census Banking News and Information
May 18, 2024  
 
 
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Nebraska SBA Lenders

 

 
Loan Census SBA Loan Info

Wilber, Nebraska Bank Lends Money to Cosmetology And Barber Schools Company in Lincoln, Nebraska

Thinking about meeting with a Wilber, Nebraska bank about an SBA loan? Here's one Nebraska business loan, issued by a Wilber bank, that was approved by the SBA.

Applying for an SBA loan with Saline State Bank worked out well for our friends at one local company in Lincoln, Nebraska. They got an SBA loan for $36,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: COSMETOLOGY AND BARBER SCHOOLS
LINCOLN, NE 68516

SBA Loan Lender

SALINE STATE BANK
203 W 3RD ST
WILBER, NE 68465

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

611511 - Cosmetology and Barber Schools

Loan Approval Date

7/13/2005

Loan Approval Gross Amount

$36,000

Loan Approval from the SBA

Of the total $36,000 loan amount, the SBA guaranteed $30,600.

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 only one employee. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Saline State Bank and they will explain how you can get an SBA loan for your company.

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:

Strategic Investors

Banks in Wilber, Nebraska

Nebraska SBA 7A Banks