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May 7, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Las Vegas, Business Loans > Nevada State Bank Las Vegas Business Loans > Sound Recording Studios Loan | ||||
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Nevada Small Business Funding
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Raising Money for Sound Recording StudiosLooking for business loans for sound recording studios? An SBA loan may be just what you've been looking for. This $861,800 sound recording studios loan was issued by a Nevada bank. This small business knew how to go about getting a business bank loan. Based in Henderson, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Nevada State Bank, based in Las Vegas, Nevada. SBA Loan Borrower COMPANY TYPE: SOUND RECORDING STUDIOS SBA Loan Lender NEVADA STATE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 512240 - Sound Recording Studios Loan Approval Date 8/10/2005 Loan Approval Gross Amount $861,800 Loan Approval from the SBA Of the total $861,800 loan amount, the SBA guaranteed $646,350. More Information on This SBA Loan The borrower borrowed this money for a new 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 SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $861,800 loan. Remember, anyone can do it... so why not 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. Related Links: Obtaining Funding - Friends and Family Where to Get an SBA Loan in Las Vegas, Nevada
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