2 Nebraska banks get rural loan guarantees

AP News
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Posted: Nov 06, 2009 1:18 PM

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.