Financing for Store Retailers
Looking for loans for store retailers? Try the SBA. This $135,900 store retailers loan was issued by a Nevada bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Las Vegas, Nevada was able to borrow $135,900 from Community One Fcu. The SBA made the loan possible by guaranteeing $115,515 of this Nevada small business loan.
SBA Loan Borrower
COMPANY TYPE: STORE RETAILERS
NORTH LAS VEGAS, NV 89031
SBA Loan Lender
COMMUNITY ONE FCU
2699 N TENAYA WAY
LAS VEGAS, NV 89128
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - Store Retailers
Loan Approval Date
2/16/2006
Loan Approval Gross Amount
$135,900
Loan Approval from the SBA
Of the total $135,900 loan amount, the SBA guaranteed $115,515.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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 $135,900 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.
Related Links:
Startup Funding Tip
Find an SBA Lender in Las Vegas, Nevada
Nevada SBA 7A Banks