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April 26, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Snip-Its Loan | ||||
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Business Loans for Reno Business Owners
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Borrow Money to Buy a Snip-Its FranchiseBorrowing money to buy a Snip-Its franchise? Silver State Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Snip-Its franchise shouldn't be overly burdensome. In 2006, Silver State Bank issued an SBA franchise loan to an entrepreneur in Reno, Nevada. Because Snip-Its was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis. SBA Loan Borrower SNIP-ITS SBA Loan Lender SILVER STATE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 2/7/2006 Loan Approval Gross Amount $221,200 Loan Approval from the SBA Of the total $221,200 loan amount, the SBA guaranteed $165,900. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Snip-Its franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help create 8 new jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Silver State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Silver State Bank 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: Obtaining Funding - How to Decide How Much to Raise Best Banks in Henderson, Nevada
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