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November 21, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Building Finishing Contractors Loan | ||||
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U.S. Bank National Association
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Henderson, Nevada Business Gets SBA-Guaranteed Funding from U.S. Bank National AssociationU.S. Bank National Association is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Nevada entrepreneur who tapped into the power of SBA loans. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with U.S. Bank National Association, out of Cincinnati, Ohio. The loan was granted and they received $336,600 to help grow their Henderson, Nevada business. SBA Loan Borrower COMPANY TYPE: BUILDING FINISHING CONTRACTORS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238390 - Building Finishing Contractors Loan Approval Date 4/27/2006 Loan Approval Gross Amount $336,600 Loan Approval from the SBA Of the total $336,600 loan amount, the SBA guaranteed $252,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 14 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 13 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. U.S. Bank National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, U.S. Bank National Association made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Cincinnati, Ohio Banks for Small Business
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