Entrepreneur Works With Las Vegas, Nevada Bank to Get an SBA Loan

Get to know Las Vegas, Nevada banks that specialize in small business loans and know how to work with entrepreneurs. Nevada State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Reno, Nevada starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Nevada State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
RENO, NV 89502

SBA Loan Lender

NEVADA STATE BANK
750 E WARM SPRINGS RD, STE 40
LAS VEGAS, NV 89119

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

2/9/2006

Loan Approval Gross Amount

$227,000

Loan Approval from the SBA

Of the total $227,000 loan amount, the SBA guaranteed $170,250.

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 2 employees. The loan application indicated that the borrowed money would help generate 4 new jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Reno NV, you ought to talk with a local Reno SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reno businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Nevada State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Las Vegas, Nevada

Nevada SBA Banks