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April 30, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Omaha, Business Loans > Great Western Bank Omaha Business Loans > General Automotive Repair Loan | ||||
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Omaha, Nebraska Bank Loan
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Company Gets a Nebraska SBA LoanLooking to get a Nebraska SBA loan? This Nebraska entrepreneur got an SBA loan, provided by a Nebraska bank that works with the SBA to help small business owners. Getting a small business loan in Omaha, Nebraska was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Great Western Bank. Here are the details on this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender GREAT WESTERN BANK 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 811111 - General Automotive Repair Loan Approval Date 4/13/2005 Loan Approval Gross Amount $72,300 Loan Approval from the SBA Of the total $72,300 loan amount, the SBA guaranteed $61,455. 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 2 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Great Western 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: SBA Participating Banks in Omaha, Nebraska
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