Heritage Bank Of Nevada SBA Loan to Local Passenger Transportation, N.E.C Company

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

This small business needed an SBA business loan in Sparks, Nevada back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Heritage Bank Of Nevada, operating out of Reno, Nevada. Here are the details on this Nevada small business loan.

SBA Loan Borrower

COMPANY TYPE: LOCAL PASSENGER TRANSPORTATION, N.E.C
SPARKS, NV 89531

SBA Loan Lender

HERITAGE BANK OF NEVADA
1401 S VIRGINIA ST
RENO, NV 89502

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4119 - Local Passenger Transportation, N.E.C

Loan Approval Date

9/8/2000

Loan Approval Gross Amount

$532,500

Loan Approval from the SBA

Of the total $532,500 loan amount, the SBA guaranteed $308,850.

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 20 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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Understanding Dilution

Small Business Banks in Reno, Nevada

Nevada SBA 7A Lenders