Loan Census Banking News and Information
November 22, 2024  
 
 
  Business Loan Information  
 

Nevada Bank SBA Loans

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Las Vegas, Nevada Bank to Get an SBA Loan

Thinking about meeting with a Las Vegas, Nevada bank about a business loan? Here's one Nevada business loan, issued by a Las Vegas bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Nevada worked out well for our friends at one local company in Las Vegas, Nevada. They got an SBA loan for $100,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT
LAS VEGAS, NV 89106

SBA Loan Lender

BANK OF NEVADA
777 N RAINBOW BLVD
LAS VEGAS, NV 89107

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

1/4/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of Nevada and they will explain how you can get an SBA loan for your company.

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:

Equity Financing

Who Lends Money to Small Businesses in Las Vegas, Nevada

SBA Participating Banks in Nevada