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May 12, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Elko, Business Loans > Great Basin Bank Of Nevada Elko Business Loans > Limited-Service Restaurants Loan | ||||
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Getting an SBA Loan in Elko, Nevada
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Growing Company Gets a Nevada Small Business LoanBank loans in Nevada are are few and far betweeen these days. We take a look at one Nevada bank loan, provided by a Nevada bank, that was approved by the SBA. By giving the right information to Great Basin Bank Of Nevada, this Elko, Nevada business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender GREAT BASIN BANK OF NEVADA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/6/2002 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need business start up money in Elko NV, you ought to talk with a local Elko SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elko businesses. We can help you find the best banks for small businesses in Elko or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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