Nevada SBA Loan Issued to Commercial Screen Printing Company

Would a Nevada SBA loan help your business get to the next level? If so, you may want to talk with this Nevada bank, which offers SBA loans to Nevada entrepreneurs.

Getting a small business loan in Sparks, Nevada was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Nevada Security Bank. Here are the details on this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL SCREEN PRINTING
SPARKS, NV 89431

SBA Loan Lender

NEVADA SECURITY BANK
3490 S VIRGINIA ST
RENO, NV 89502

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323113 - Commercial Screen Printing

Loan Approval Date

5/16/2003

Loan Approval Gross Amount

$51,900

Loan Approval from the SBA

Of the total $51,900 loan amount, the SBA guaranteed $44,115.

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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Nevada Security Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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