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May 18, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Lincoln, Business Loans > Union Bank And Trust Company Lincoln Business Loans > Home And Garden Equipment Repair And Maintenance Loan | ||||
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Lincoln SBA Lenders
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Entrepreneur Works With Lincoln, Nebraska Bank to Get an SBA LoanThinking about meeting with a Lincoln, Nebraska bank about a small business loan? Here's one Nebraska business loan, issued by a Lincoln bank, that was approved by the SBA. Applying for an SBA loan with Union Bank And Trust Company worked out well for our friends at one local business in Lincoln, Nebraska. They received an SBA loan for $91,800. Great job! SBA Loan Borrower COMPANY TYPE: HOME AND GARDEN EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender UNION BANK AND TRUST COMPANY Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811411 - Home and Garden Equipment Repair and Maintenance Loan Approval Date 4/10/2006 Loan Approval Gross Amount $91,800 Loan Approval from the SBA Of the total $91,800 loan amount, the SBA guaranteed $68,850. 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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Union Bank And Trust Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Obtaining Funding - Getting Venture Capital Who Lends Money to Small Businesses in Lincoln, Nebraska
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