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May 5, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Las Vegas, Business Loans > Citibank Las Vegas Business Loans > Beauty Salons Loan | ||||
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Las Vegas, Nevada Bank for SBA Loans
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Las Vegas, Nevada Bank Gives SBA Loan to Beauty Salons CompanyThinking about meeting with a Las Vegas, Nevada bank about a small business loan? Here's one Nevada business loan, issued by a Las Vegas bank, that was approved by the SBA. Applying for an SBA loan with Citibank worked out well for our friends at one local firm in Las Vegas, Nevada. They received an SBA loan for $75,000. Awesome! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender CITIBANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812112 - Beauty Salons Loan Approval Date 12/14/2006 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 18 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citibank and they will explain how you can get an SBA loan for your company. 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: Best Banks in Las Vegas, Nevada
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