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May 12, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Syracuse, Business Loans > Farmers Bank Of Cook Syracuse Business Loans > Commercial And Institutional Building Construction Loan | ||||
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How to Get SBA Loans in Syracuse, Nebraska
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Bank Loans for Commercial and Institutional Building ConstructionLooking for bank loans for commercial and institutional building construction? The SBA may be the answer. This $125,000 commercial and institutional building construction loan was issued by a Nebraska bank. This company knew how to go about getting a business bank loan. Based in Syracuse, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Farmers Bank Of Cook, based in Syracuse, Nebraska. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender FARMERS BANK OF COOK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . 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. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 236220 - Commercial and Institutional Building Construction Loan Approval Date 8/5/2003 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. This SBA loan was for $125,000. How would you spend $125,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks in Syracuse, Nebraska
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