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May 16, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Scottsbluff, Business Loans > Valley Bank And Trust Company Scottsbluff Business Loans > Motor Vehicle Supplies And New Parts Loan | ||||
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Banks in Nebraska
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Automotive Parts and Accessories Stores Business LoansWith these business loans for automotive parts and accessories stores, the SBA guarantees the lender that the loan will be repaid. This automotive parts and accessories stores loan for $620,000 was given to a Nebraska entrepreneur in 2004. Getting a small business loan in Alliance, Nebraska was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Valley Bank And Trust Company, operating out of Scottsbluff, Nebraska. Here are the details on this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS SBA Loan Lender VALLEY BANK AND TRUST COMPANY SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5013 - Motor Vehicle Supplies and New Parts NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 2/25/2004 Loan Approval Gross Amount $620,000 Loan Approval from the SBA Of the total $620,000 loan amount, the SBA guaranteed $465,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Alliance NE, you ought to talk with a local Alliance SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alliance businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Valley Bank And Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Scottsbluff, Nebraska
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