Department Stores SBA Loans

Looking for SBA loans for department stores? The SBA may be the answer. This $90,400 department stores loan was issued by a Nevada bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Nevada State Bank, out of Las Vegas, Nevada. The loan was granted and they received $90,400 to help grow their Henderson, Nevada business.

SBA Loan Borrower

COMPANY TYPE: DEPARTMENT STORES
HENDERSON, NV 89014

SBA Loan Lender

NEVADA STATE BANK
750 E WARM SPRINGS RD, STE 40
LAS VEGAS, NV 89119

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452111 - Department Stores

Loan Approval Date

3/18/2005

Loan Approval Gross Amount

$90,400

Loan Approval from the SBA

Of the total $90,400 loan amount, the SBA guaranteed $76,840.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $90,400 loan. Remember, you control your own destiny.

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.

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