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May 11, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Wood River, Business Loans > Heritage Bank Wood River Business Loans > Converted Paper Product Manufacturing Loan | ||||
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Hastings, Nebraska Bank Loan
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Business Loans for Converted Paper Product ManufacturingLooking for business loans for converted paper product manufacturing? Try the SBA. This $36,500 converted paper product manufacturing loan was issued by a Nebraska bank. This business knew how to go about getting a business bank loan. Based in Hastings, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Heritage Bank, based in Wood River, Nebraska. SBA Loan Borrower COMPANY TYPE: CONVERTED PAPER PRODUCT MANUFACTURING SBA Loan Lender HERITAGE 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 322299 - Converted Paper Product Manufacturing Loan Approval Date 10/14/2004 Loan Approval Gross Amount $36,500 Loan Approval from the SBA Of the total $36,500 loan amount, the SBA guaranteed $31,025. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $36,500 loan. Remember, fight for what you want, and it will be yours! 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: Who Lends Money to Small Businesses in Wood River, Nebraska
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