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May 3, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Leather Good And Allied Product Manufacturing Loan | ||||
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Innovative Bank SBA 7A Loans
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Business Loans for Leather Good and Allied Product ManufacturingWith these business loans for leather good and allied product manufacturing, the SBA guarantees the lender that the loan will be repaid. This leather good and allied product manufacturing loan for $5,000 was given to a Nevada entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Las Vegas, Nevada was able to borrow $5,000 from Innovative Bank. The SBA made the loan possible by guaranteeing $4,250 of this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: LEATHER GOOD AND ALLIED PRODUCT MANUFACTURING SBA Loan Lender INNOVATIVE BANK This lender issued this business loan under the SBA 7A lending 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. NAICS Code 316999 - Leather Good and Allied Product Manufacturing Loan Approval Date 4/26/2002 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $4,250. 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 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $5,000. How would you spend $5,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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