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April 28, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Lincoln, Business Loans > Tierone Bank Lincoln Business Loans > Mr. Rooter Plumbing Loan | ||||
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SBA 7A Banks in Nebraska
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Tierone Bank Provides SBA Loan to Buy Mr. Rooter FranchiseNeed a loan to invest in a Mr. Rooter franchise? Tierone Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Mr. Rooter franchise is doable. In 2005, Tierone Bank issued an SBA franchise loan to an entrepreneur in Lincoln, Nebraska. Because Mr. Rooter was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis. SBA Loan Borrower MR. ROOTER PLUMBING SBA Loan Lender TIERONE BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 7/8/2005 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Rooter franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Advice on Getting a Small Business Loan SBA 7A Lenders in Lincoln, Nebraska SBA Participating Banks in Nebraska
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