Omaha, Nebraska Business Gets SBA-Guaranteed Funding from First National Bank Of Omaha

An SBA loan from First National Bank Of Omaha typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Omaha, Nebraska business owner got a $30,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Omaha, Nebraska was able to borrow $30,000 from First National Bank Of Omaha. The SBA made the loan possible by guaranteeing $25,500 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
OMAHA, NE 68144

SBA Loan Lender

FIRST NATIONAL BANK OF OMAHA
1620 DODGE ST
OMAHA, NE 68197

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

5/21/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help create 1 new job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Getting a Small Business Loan

SBA Participating Banks in Omaha, Nebraska

Find an SBA Lender in Nebraska