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May 17, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Ceresco, Business Loans > Cerescobank Ceresco Business Loans > Engineering Services Loan | ||||
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Ceresco, Nebraska SBA Banks
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Ceresco, Nebraska Bank Lends Money to Engineering Services Company in Lincoln, NebraskaWant to talk with a Ceresco, Nebraska bank about an SBA loan? Here's one Nebraska business loan, issued by a Ceresco bank, that was approved by the SBA. Applying for an SBA loan with Cerescobank worked out well for our friends at one local firm in Lincoln, Nebraska. They got an SBA loan for $142,900. Nice! SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender CERESCOBANK This was a Low Documentation SBA loan. The SBA launched this program to reduce 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541330 - Engineering Services Loan Approval Date 5/4/2005 Loan Approval Gross Amount $142,900 Loan Approval from the SBA Of the total $142,900 loan amount, the SBA guaranteed $121,465. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cerescobank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cerescobank 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: SBA Participating Banks in Ceresco, Nebraska
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