Nevada Entrepreneur Secures Financing to Buy Shane's Rib Shack Franchise

Need money to invest in a Shane's Rib Shack franchise? Bank Of North Las Vegas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in North Las Vegas, Nevada needed money to invest in a Shane's Rib Shack franchise back in 2007. Bank Of North Las Vegas issued an SBA franchise loan. Here are the details on this Nevada small business loan.

SBA Loan Borrower

SHANE'S RIB SHACK, LLC
NORTH LAS VEGAS, NV 89131

SBA Loan Lender

BANK OF NORTH LAS VEGAS
6385 SIMMONS ST.
NORTH LAS VEGAS, NV 89031

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/10/2007

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Shane's Rib Shack franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in North Las Vegas NV, you ought to talk with a local North Las Vegas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Las Vegas businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Shane's Rib Shack

Business Line of Credit

Who Lends Money to Small Businesses in North Las Vegas, Nevada

SBA Participating Banks in Nevada