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May 15, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Kearney, Business Loans > Platte Valley St. Bank & Trust Kearney Business Loans > Farm And Garden Machinery And Equipment Wholesalers Loan | ||||
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Kearney Bank Loan
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Kearney, Nebraska Bank Gives SBA Loan to Farm And Garden Machinery And Equipment Wholesalers CompanyGet to know Kearney, Nebraska banks that specialize in small business loans and know how to work with entrepreneurs. Platte Valley St. Bank & Trust is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Pleasanton, Nebraska starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Platte Valley St. Bank & Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT WHOLESALERS SBA Loan Lender PLATTE VALLEY ST. BANK & TRUST 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 421820 - Farm and Garden Machinery and Equipment Wholesalers Loan Approval Date 3/21/2002 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 not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Platte Valley St. Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Bank Loans in Kearney, Nebraska
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