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May 17, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Las Vegas, Business Loans > Community Bank Of Nevada Las Vegas Business Loans > Office Equipment Merchant Wholesalers Loan | ||||
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SBA Lenders Nevada
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Las Vegas, Nevada Lender Lends Money to Office Equipment Merchant Wholesalers CompanyWant to talk with a Las Vegas, Nevada bank about an SBA loan? Here's one Nevada business loan, issued by a Las Vegas bank, that was approved by the SBA. Applying for an SBA loan with Community Bank Of Nevada worked out well for our friends at one local firm in Las Vegas, Nevada. They received an SBA loan for $225,000. Way to go! SBA Loan Borrower COMPANY TYPE: OFFICE EQUIPMENT MERCHANT WHOLESALERS SBA Loan Lender COMMUNITY BANK OF NEVADA This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423420 - Office Equipment Merchant Wholesalers Loan Approval Date 6/30/2003 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank Of Nevada had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank Of Nevada made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Find an SBA Lender in Las Vegas, Nevada
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