Entrepreneur Works With Wilmington, Delaware Bank to Get an SBA Loan

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

Applying for an SBA loan with Lehman Brothers Bank, Fsb worked out well for our friends at one local firm in Las Vegas, Nevada. The business was able to get an SBA loan for $684,200. Nice!

SBA Loan Borrower

COMPANY TYPE: SERVICES RELATED TO ADVERTISING
LAS VEGAS, NV 89123

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, 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

541890 - Services Related to Advertising

Loan Approval Date

10/26/2005

Loan Approval Gross Amount

$684,200

Loan Approval from the SBA

Of the total $684,200 loan amount, the SBA guaranteed $513,150.

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 did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $684,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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