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May 1, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Mesquite, Business Loans > Wells Fargo Bank Mesquite Business Loans > Men's And Boys' Clothing And Accessory Stores Loan | ||||
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Nevada Bank SBA Loans
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Wells Fargo Bank SBA Loan to Men's And Boys' Clothing And Accessory Stores CompanySearching for a Nevada small business loan? Here's one Nevada business loan that was approved by the SBA. This growing firm needed an SBA business loan in Las Vegas, Nevada back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of Mesquite, Nevada. Here are the details on this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CLOTHING AND ACCESSORY STORES SBA Loan Lender WELLS FARGO BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5611 - Men's and Boys' Clothing and Accessory Stores Loan Approval Date 2/17/2000 Loan Approval Gross Amount $358,000 Loan Approval from the SBA Of the total $358,000 loan amount, the SBA guaranteed $268,500. 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 8 employees. The loan application indicated that the loan would help generate 9 new jobs and retain 17 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Realistic Debt Financing Options SBA Approved Banks in Mesquite, Nevada
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