General Automotive Repair Loans
Looking for loans for general automotive repair? Try the SBA. This $461,000 general automotive repair loan was issued by a Nevada bank.
Getting a small business loan in Las Vegas, Nevada was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Silver State Bank, operating out of Henderson, Nevada. Here are the details on this Nevada small business loan.
SBA Loan Borrower
COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
LAS VEGAS, NV 89118
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
811111 - General Automotive Repair
Loan Approval Date
8/24/2004
Loan Approval Gross Amount
$461,000
Loan Approval from the SBA
Of the total $461,000 loan amount, the SBA guaranteed $345,750.
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 12 employees. This SBA loan request indicated that the loan would help retain 12 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.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Silver State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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 From a Venture Capitalist
SBA Participating Banks in Henderson, Nevada
Nevada SBA Banks