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April 28, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Las Vegas, Business Loans > Sun West Bank Las Vegas Business Loans > Drinking Places Loan | ||||
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Raising Money in Las Vegas, Nevada With SBA Loans
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Company Gets a Nevada Bank LoanLooking to get a Nevada SBA loan? This Nevada entrepreneur got an SBA loan, provided by a Nevada bank that works with the SBA to help small business owners. Getting a small business loan in Las Vegas, Nevada was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Sun West Bank. Here are the details on this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender SUN WEST BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 4/16/2002 Loan Approval Gross Amount $38,400 Loan Approval from the SBA Of the total $38,400 loan amount, the SBA guaranteed $32,640. 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 9 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Las Vegas, Nevada
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