Getting an SBA Loan for Nursing Care Facilities

Looking for commercial loans for nursing care facilities? An SBA loan may be just what you've been looking for. This $963,500 nursing care facilities loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Carson City, Nevada was able to borrow $963,500 from Comerica Bank. The SBA made the loan possible by guaranteeing $722,625 of this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: NURSING CARE FACILITIES
CARSON CITY, NV 89701

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This SBA bank loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623110 - Nursing Care Facilities

Loan Approval Date

12/10/2002

Loan Approval Gross Amount

$963,500

Loan Approval from the SBA

Of the total $963,500 loan amount, the SBA guaranteed $722,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Carson City NV, you ought to talk with a local Carson City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Carson City businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Alternative Financing

SBA Participating Banks in Dallas, Texas

Texas SBA 7A Banks