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April 28, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Phoenix, Business Loans > Wells Fargo Bank Phoenix Business Loans > Exterminating And Pest Control Services Loan | ||||
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We Needed an SBA 7A Loan in Las Vegas, Nevada and We Got One!
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Borrowing Money for Exterminating and Pest Control ServicesLooking for loans for exterminating and pest control services? Try the SBA. This $175,000 exterminating and pest control services loan was issued by an Arizona bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Las Vegas, Nevada was able to borrow $175,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $131,250 of this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: EXTERMINATING AND PEST CONTROL SERVICES SBA Loan Lender WELLS FARGO BANK This lender provides SBA guaranteed bank 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. NAICS Code 561710 - Exterminating and Pest Control Services Loan Approval Date 2/26/2001 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan 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 Wells Fargo 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 Approved Banks in Phoenix, Arizona
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