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April 24, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Reno, Business Loans > Heritage Bank Of Nevada Reno Business Loans > My Favorite Muffin Loan | ||||
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How to Get SBA Loans in Reno, Nevada
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Reno, NV Entrepreneur Gets SBA Loan to Buy Bab Systems,Inc FranchiseNeed a loan to buy a Bab Systems,Inc franchise? Heritage Bank Of Nevada has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Reno, Nevada needed money to invest in a Bab Systems,Inc franchise back in 2004. Heritage Bank Of Nevada issued an SBA franchise loan. Here are the details on this Nevada small business loan. SBA Loan Borrower MY FAVORITE MUFFIN SBA Loan Lender HERITAGE BANK OF NEVADA This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 3/30/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Bab Systems,Inc franchise. At the time of the loan, the company had 13 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Heritage Bank Of Nevada and they will explain how you can get an SBA loan for your company. 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: How Much Venture Capital Is There? SBA Participating Banks in Nevada
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