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May 10, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Grand Island, Business Loans > Heritage Bank Grand Island Business Loans > Truck Trailers Loan | ||||
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Heritage Bank Business Loans
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Truck Trailer Manufacturing LoansWith these loans for truck trailer manufacturing, the SBA guarantees the lender that the loan will be repaid. This truck trailer manufacturing loan for $350,000 was given to a Nebraska entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pierce, Nebraska was able to borrow $350,000 from Heritage Bank. The SBA made the loan possible by guaranteeing $262,500 of this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: TRUCK TRAILERS SBA Loan Lender HERITAGE BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3715 - Truck Trailers NAICS Code 336212 - Truck Trailer Manufacturing Loan Approval Date 5/27/2005 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 38 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Borrowing Money from Friends and Family SBA 7A Banks in Grand Island, Nebraska
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