Originally published Friday, November 6, 2009 at 10:19 AM
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2 Nebraska banks get rural loan guarantees
Two Nebraska banks have obtained federal loan guarantees through the U.S Department of Agriculture, which is using federal stimulus funding.
The Associated Press
Two Nebraska banks have obtained federal loan guarantees through the U.S Department of Agriculture, which is using federal stimulus funding.
The USDA said in a news release Friday that the loans will help stimulate rural businesses and communities.
State Bank of Table Rock, in Pawnee City, has obtained a federal guarantee on a $93,600 loan it is making for the purchase of bottling equipment for a winery and microbrewery.
And Adams Bank & Trust in Grant has gotten a $5.7 million guarantee on a loan it is making to help a telecommunications company expand telephone, Internet and video services.
The Nebraska guarantees are among $56.2 million given to help 12 rural businesses across the nation.
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