Great Basin Bank Of Nevada SBA Loan to Jewelry Stores Company

An SBA loan from Great Basin Bank Of Nevada typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Elko, Nevada business owner got a $150,000 loan.

This business knew how to go about getting a business bank loan. Based in Elko, Nevada, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Great Basin Bank Of Nevada, based in Elko, Nevada.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
ELKO, NV 89801

SBA Loan Lender

GREAT BASIN BANK OF NEVADA
487 RAILROAD ST
ELKO, NV 89801

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

10/16/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 4 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Elko NV, you ought to talk with a local Elko SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elko businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Great Basin Bank Of Nevada and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding - How to Borrow Money

Where to Get an SBA Loan in Elko, Nevada

SBA Lenders in Nevada