Heritage Bank SBA Loan to Business Services Company
Heritage Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Nebraska entrepreneur was able to get a loan to take a small business to the next level.
This small firm knew how to go about getting a business bank loan. Based in Grand Island, Nebraska, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Heritage Bank, based in Grand Island, Nebraska.
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
GRAND ISLAND, NE 68801
SBA Loan Lender
HERITAGE BANK
1333 N WEBB RD
GRAND ISLAND, NE 68803
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7389 - Business Services
NAICS Code
488410 - Motor Vehicle Towing
Loan Approval Date
11/17/2000
Loan Approval Gross Amount
$46,000
Loan Approval from the SBA
Of the total $46,000 loan amount, the SBA guaranteed $36,800.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Realistic Debt Financing Options
Good Banks for Small Business in Grand Island, Nebraska
Nebraska SBA 7A Banks