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May 18, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Reno, Business Loans > Nevada Security Bank Reno Business Loans > Machine Shops Loan | ||||
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We Needed a Business Loan in Carson City, Nevada and We Got One!
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Machine Shops LoansLooking for loans for machine shops? The SBA may be the answer. This $150,000 machine shops loan was issued by a Nevada bank. This small firm knew how to go about getting a business bank loan. Based in Carson City, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Nevada Security Bank, based in Reno, Nevada. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender NEVADA SECURITY BANK 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 332710 - Machine Shops Loan Approval Date 4/26/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 12 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need business start up money in Carson City NV, you ought to talk with a local Carson City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Carson City businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Reno, Nevada
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