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May 18, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Beaver Crossing, Business Loans > Farmers & Merchants Bank Beaver Crossing Business Loans > Gasoline Stations Loan | ||||
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SBA Lenders That Lend to Nebraska Small Business Owners
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Firm Gets a Nebraska Business LoanNebraskaSmall business loans are available to Nebraska small business owners through the SBA. In this case, a Nebraska bank provides the loan. By giving the right information to Farmers & Merchants Bank, this Beaver Crossing, Nebraska business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS SBA Loan Lender FARMERS & MERCHANTS 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 447190 - Gasoline Stations Loan Approval Date 4/2/2002 Loan Approval Gross Amount $42,023 Loan Approval from the SBA Of the total $42,023 loan amount, the SBA guaranteed $35,719. 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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $42,023 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: A Company That Helps Entrepreneurs Banks in Beaver Crossing, Nebraska SBA Participating Banks in Nebraska
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