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May 3, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Del Taco Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Henderson, Nevada
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Henderson, NV Entrepreneur Gets SBA Loan to Buy Del Taco FranchiseNeed money to purchase a Del Taco franchise? Silver State Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Del Taco franchise? If so, here's a 2004 SBA franchise loan that you should know about. Silver State Bank was the lender and the entrepreneur was based in Henderson, Nevada. SBA Loan Borrower DEL TACO SBA Loan Lender SILVER 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 722211 - Limited-Service Restaurants Loan Approval Date 4/20/2004 Loan Approval Gross Amount $1,249,200 Loan Approval from the SBA Of the total $1,249,200 loan amount, the SBA guaranteed $936,900. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Del Taco franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 38 new jobs. Start the Process for Getting an SBA Loan Today! 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Silver State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Banks in Henderson, Nevada
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