Entrepreneur Works With Hawthorne, Nevada Bank to Get an SBA Loan

Get to know Hawthorne, Nevada banks that specialize in business loans and know how to work with entrepreneurs. Financial Horizons Cu is one such bank, as evidenced by this SBA loan to a growing company.

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

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
WALKER LAKE, NV 89415

SBA Loan Lender

FINANCIAL HORIZONS CU
895 SIERRA WAY
HAWTHORNE, NV 89415

This loan for a small business was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

5/25/2001

Loan Approval Gross Amount

$168,000

Loan Approval from the SBA

Of the total $168,000 loan amount, the SBA guaranteed $126,000.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Walker Lake NV, you ought to talk with a local Walker Lake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Walker Lake businesses.

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 Financial Horizons Cu 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.

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