Nevada Bank & Trust Company SBA Loan to Grocery Stores Company

Searching for a Nevada SBA loan? Here's one Nevada business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Owyhee, Nevada was able to borrow $71,588 from Nevada Bank & Trust Company. The SBA made the loan possible by guaranteeing $57,270 of this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
OWYHEE, NV

SBA Loan Lender

NEVADA BANK & TRUST COMPANY
976 IDAHO ST
ELKO, NV 89801

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

7/17/2000

Loan Approval Gross Amount

$71,588

Loan Approval from the SBA

Of the total $71,588 loan amount, the SBA guaranteed $57,270.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Nevada Bank & Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Line of Credit

SBA 7A Lenders in Elko, Nevada

SBA Lenders in Nevada