Job creation the point of SBA-backed loans: Seven were awarded in Kearney this ... Kearney Hub
Among those were Lighthouse Academy LLC, Ayers Distributing Inc., Alpha Rehabilitation P.C., Jammal Pharms Inc., Auto Hospital and OrthoMedics.
Jacob Sikes, co-owner of OrthoMedics, said a SBA-backed loan helped the company purchase another company, hire a technician and refinance another business loan.
“We had a regular business loan,” Sikes said. “The problem with a regular business loan is that you have to have collateral to cover the loan.”
Sikes said a new business, such as OrthoMedics, doesn’t have a lot of collateral. Instead, personal property such as homes is used as collateral.
Sikes said OrthoMedics was able to use the SBA-backed loan to replace a regular business loan so personal collateral wasn’t used as collateral.
“We refinanced the business loan, and it also freed up capital for us,” Sikes said. “We purchased Nebraska Brace and Limb, which has been in business for 40 years in Kearney. The loan gave us the capital to do that. We also were able to hire a technician. We were able to create a job.”
Refinance Help. Fill this form and get help!
Refinancing Car Loans Possible
You already may have taken advantage of historically low interest rates to refinance your mortgage but have you considered refinancing your car loan?
car loan nebraska refinance - News
|
Sen. Grassley is still not convinced about the stimulus bill - The Takeaway Sen. Grassley is still not convinced about the stimulus bill So we offered an amendment with four percent interest loans not only for those in foreclosures, but those who want to refinance. And it was rejected. |
|
Senate Set to Vote Next Week on US Stimulus Bill That initiative was created last year to let homeowners struggling with subprime loans refinance into fixed-rate loans backed by the government. |