Las Vegas, Nevada Entrepreneur Gets a Small Business Loan

Business loans in Nevada are are few and far betweeen these days. We take a look at one Nevada business loan, provided by a Nevada bank, that was approved by the SBA.

Getting a small business loan in Las Vegas, Nevada was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Community Bank Of Nevada. Here are the details on this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
LAS VEGAS, NV 89134

SBA Loan Lender

COMMUNITY BANK OF NEVADA
400 S 4TH ST, STE 215
LAS VEGAS, NV 89101

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

2/27/2002

Loan Approval Gross Amount

$18,000

Loan Approval from the SBA

Of the total $18,000 loan amount, the SBA guaranteed $15,300.

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 only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community Bank Of Nevada and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

The Friends and Family Network

Who Lends Money to Small Businesses in Las Vegas, Nevada

Getting an SBA Loan in Nevada