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May 17, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Beatrice, Business Loans > 1st National Bank & Trust - Beatric Beatrice Business Loans > Primary Metal Products Loan | ||||
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How to Get SBA Loans in Beatrice, Nebraska
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Electroplating, Plating, Polishing, Anodizing, and Coloring Commercial LoansLooking for commercial loans for electroplating, plating, polishing, anodizing, and coloring? Try the SBA. This $48,000 electroplating, plating, polishing, anodizing, and coloring loan was issued by a Nebraska bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with 1st National Bank & Trust - Beatric, out of Beatrice, Nebraska. The loan was granted and they received $48,000 to help grow their Beatrice, Nebraska business. SBA Loan Borrower COMPANY TYPE: PRIMARY METAL PRODUCTS SBA Loan Lender 1ST NATIONAL BANK & TRUST - BEATRIC This SBA business 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 3399 - Primary Metal Products NAICS Code 332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring Loan Approval Date 5/24/2006 Loan Approval Gross Amount $48,000 Loan Approval from the SBA Of the total $48,000 loan amount, the SBA guaranteed $40,800. 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 3 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into 1st National Bank & Trust - Beatric and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Small Bank Loans in Beatrice, Nebraska
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