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May 3, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > North Las Vegas, Business Loans > 1st Commerce Bank North Las Vegas Business Loans > Nail Salons Loan | ||||
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Raising Money in Las Vegas, Nevada With SBA Loans
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Financing for Nail SalonsWith these loans for nail salons, the SBA guarantees the lender that the loan will be repaid. This nail salons loan for $80,000 was given to a Nevada entrepreneur in 2007. This small firm knew how to go about getting a business bank loan. Based in Las Vegas, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was 1st Commerce Bank, based in North Las Vegas, Nevada. SBA Loan Borrower COMPANY TYPE: NAIL SALONS SBA Loan Lender 1ST COMMERCE BANK The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812113 - Nail Salons Loan Approval Date 12/13/2007 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $40,000. 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 8 employees. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 North Las Vegas, Nevada SBA Participating Banks in Nevada
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