Loan Census Banking News and Information
November 14, 2024  
 
 
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Henderson, Nevada Bank Loan

 

 
Loan Census SBA Loan Info

Henderson, NV Entrepreneur Gets SBA Loan to Buy Servpro Franchise

Need money to purchase a Servpro franchise? Silver State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Servpro franchise? If so, here's a 2002 SBA franchise loan that you should know about. Silver State Bank was the lender and the entrepreneur was based in Henderson, Nevada.

SBA Loan Borrower

RK EDGAR LLC
HENDERSON, NV 89015

SBA Loan Lender

SILVER STATE BANK
170 S GREEN VALLEY PKWY
HENDERSON, NV 89012

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561790 - Services to Buildings and Dwellings

Loan Approval Date

4/17/2002

Loan Approval Gross Amount

$419,000

Loan Approval from the SBA

Of the total $419,000 loan amount, the SBA guaranteed $314,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 24 employees. The SBA loan documents indicated that the loan would help retain 24 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

While you may be able to find business people willing to loan money, 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:

ServPro

Small Business Credit Cards

SBA 7A Banks in Henderson, Nevada

Getting an SBA Loan in Nevada