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May 16, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Scottsbluff, Business Loans > Valley Bank And Trust Company Scottsbluff Business Loans > Eating Places Loan | ||||
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Sidney, Nebraska Bank for SBA Loans
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Sidney, Nebraska Entrepreneur Gets an SBA LoanWant a Nebraska SBA loan? This Nebraska entrepreneur got an SBA loan, provided by a Nebraska bank that works with the SBA to help small business owners. Getting a small business loan in Sidney, Nebraska was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Valley Bank And Trust Company. Here are the details on this Nebraska small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender VALLEY BANK AND TRUST COMPANY This debt financing 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/20/2001 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Valley Bank And Trust Company 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: Role of Business Plan When Raising Money SBA Participating Banks in Scottsbluff, Nebraska
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