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May 2, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Las Vegas, Business Loans > Bank Of Nevada Las Vegas Business Loans > Children's And Infants' Wear Stores Loan | ||||
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Nevada SBA Banks
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Las Vegas, Nevada Bank Lends Money to Children's And Infants' Wear Stores Company in Las Vegas, NevadaGet to know Las Vegas, Nevada banks that specialize in business loans and know how to work with entrepreneurs. Bank Of Nevada is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Las Vegas, Nevada starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Bank Of Nevada. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CHILDREN'S AND INFANTS' WEAR STORES SBA Loan Lender BANK OF NEVADA This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5641 - Children's and Infants' Wear Stores NAICS Code 448130 - Children's and Infants' Clothing Stores Loan Approval Date 4/11/2000 Loan Approval Gross Amount $52,000 Loan Approval from the SBA Of the total $52,000 loan amount, the SBA guaranteed $41,600. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need business start up money in Las Vegas NV, you ought to talk with a local Las Vegas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Las Vegas businesses. 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: SBA 7A Banks for Las Vegas, Nevada Loans
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