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May 18, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > North Platte, Business Loans > Wells Fargo Bank North Platte Business Loans > Automatic Merchandising Machine Operators Loan | ||||
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Wells Fargo Bank Business Loans
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Vending Machine Operators LoansLooking for loans for vending machine operators? Talk to a banker who works with the SBA. This $245,000 vending machine operators loan was issued by a Nebraska bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wells Fargo Bank, out of North Platte, Nebraska. The loan was granted and they received $245,000 to help grow their North Platte, Nebraska business. SBA Loan Borrower COMPANY TYPE: AUTOMATIC MERCHANDISING MACHINE OPERATORS SBA Loan Lender WELLS FARGO BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5962 - Automatic Merchandising Machine Operators NAICS Code 454210 - Vending Machine Operators Loan Approval Date 5/11/2000 Loan Approval Gross Amount $245,000 Loan Approval from the SBA Of the total $245,000 loan amount, the SBA guaranteed $183,750. 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 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money 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 are raising money for operating expenses? Maybe you want money to buy a franchise? 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: Best Banks for Small Business in North Platte, Nebraska
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