Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Nevada Bank SBA Loans

 

 
Loan Census SBA Loan Info

Las Vegas, Nevada Bank Gives SBA Loan to Specialty Trade Contractors Company

Thinking about meeting with a Las Vegas, Nevada bank about a small 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 Community Bank Of Nevada worked out well for our friends at one local company in Las Vegas, Nevada. They received an SBA loan for $250,000. Nice!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
LAS VEGAS, NV 89103

SBA Loan Lender

COMMUNITY BANK OF NEVADA
400 S 4TH ST, STE 215
LAS VEGAS, NV 89101

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

238990 - Specialty Trade Contractors

Loan Approval Date

5/23/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

The Art of Bootstrapping

SBA 7A Lenders in Las Vegas, Nevada

Find an SBA Lender in Nevada