2 Nebraska Banks Get Rural Loan Guarantees

2 Nebraska Banks Get Total Of Nearly $5.8M In Rural Loan Guarantees From Stimulus Funding

(AP)  LINCOLN, Neb. (AP) - 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.