Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Nevada SBA Lenders

 

 
Loan Census SBA Loan Info

Las Vegas, Nevada Lender Lends Money to Book Stores Company

Want to talk with a Las Vegas, Nevada bank about an SBA loan? Here's one California business loan, issued by a Las Vegas bank, that was approved by the SBA.

Applying for an SBA loan with Citibank worked out well for our friends at one local firm in Covina, California. They got an SBA loan for $200,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
COVINA, CA 91724

SBA Loan Lender

CITIBANK
3900 PARADISE RD, STE 127
LAS VEGAS, NV 89109

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451211 - Book Stores

Loan Approval Date

1/15/2008

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. The loan application indicated that the loan would help retain 13 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Covina CA, you ought to talk with a local Covina SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Covina businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $200,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Business Line of Credit

Good Banks for Small Business in Las Vegas, Nevada

Nevada SBA Banks