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May 3, 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 > Paint, Varnish, And Supplies Merchant Wholesalers Loan | ||||
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Banks Doing SBA Loans in Nevada
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Las Vegas, Nevada Lender Lends Money to Paint, Varnish, And Supplies 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 Bank Of Nevada worked out well for our friends at one local firm in Las Vegas, Nevada. The business was able to get an SBA loan for $50,000. Nice! SBA Loan Borrower COMPANY TYPE: PAINT, VARNISH, AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender BANK OF NEVADA This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424950 - Paint, Varnish, and Supplies Merchant Wholesalers Loan Approval Date 5/20/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Advice on Getting a Small Business Loan Small Business Banks in Las Vegas, Nevada Browse All Business Loan Sources for Nevada
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