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