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November 15, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > North Las Vegas, Business Loans > 1st Commerce Bank North Las Vegas Business Loans > Lawyers Loan | ||||
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How to Get SBA Loans in Las Vegas, Nevada
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Lawyers Small Business LoansWith these small business loans for lawyers, the SBA guarantees the lender that the loan will be repaid. This lawyers loan for $200,000 was given to a Nevada entrepreneur in 2007. Getting a small business loan in Las Vegas, Nevada was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from 1st Commerce Bank, operating out of North Las Vegas, Nevada. Here are the details on this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender 1ST COMMERCE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541110 - Lawyers Loan Approval Date 4/18/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 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 1st Commerce 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: Small Business Banks in North Las Vegas, Nevada
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