We offer small business loans up to $150,000 to businesses in rural Nebraska. Applications are accepted through our secure Online Lending System.
Our typical borrowers are not a good fit for a traditional bank loan. To serve a more diverse set of clients, our underwriting process is more flexible than traditional lenders. For example, we can work with you if you have little or no credit history, are just starting your business, or if you are in an industry that is difficult for traditional banks to underwrite.
Our staff have decades of experience in small business lending. We understand small businesses and small towns. We offer all services in both English and Spanish. Please find and contact your loan specialist for more information.
Loan terms include:
Loans for: working capital, equipment, inventory, supplies, infrastructure and real estate
Loan amounts: $1,000 to $150,000
Interest rate: 7%, fixed (as of July 1, 2019)
Loan fee: 1% of loan amount (one-time charge, can be financed)
Prepayment penalty: none
Repayment period: typically ~ 1 year for working capital, ~ 3-6 years for equipment/infrastructure loans, and up to ~ 15 years for real estate
Collateral requirements: With the exception of our small-dollar credit builder loan, all loans require collateral. Co-signers can also be used to help meet collateral requirements.
Training and assistance: When you borrower from us, we will work with you at no cost to provide training and assistance to help your business thrive. We offer hands-on business planning assistance, QuickBooks training, and marketing training.
If you do not fit our lending program, we will work with you to make a referral to other financing sources such as FSA direct loans, traditional banks, or a credit union.
Applications are accepted through our secure Online Lending System.