Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Banks in Nevada

 

 
Loan Census SBA Loan Info

Periodical Publishers Commercial Loans

Looking for commercial loans for periodical publishers? Talk to a banker who works with the SBA. This $285,177 periodical publishers loan was issued by a Nevada bank.

Getting a small business loan in Las Vegas, Nevada was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Desert Community Bank, operating out of Las Vegas, Nevada. Here are the details on this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: PERIODICAL PUBLISHERS
LAS VEGAS, NV 89120

SBA Loan Lender

DESERT COMMUNITY BANK
3740 S PECOS MCLEOD
LAS VEGAS, NV 89121

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511120 - Periodical Publishers

Loan Approval Date

3/12/2004

Loan Approval Gross Amount

$285,177

Loan Approval from the SBA

Of the total $285,177 loan amount, the SBA guaranteed $213,883.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Desert Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Line of Credit

SBA 7A Banks in Las Vegas, Nevada

Nevada SBA Bank Lenders