Small Business Loans for Motion Picture and Video Production
Looking for small business loans for motion picture and video production? Try the SBA. This $517,000 motion picture and video production loan was issued by a California bank.
This small firm knew how to go about getting a business bank loan. Based in Alameda, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Citibank, based in San Francisco, California.
SBA Loan Borrower
COMPANY TYPE: MOTION PICTURE AND VIDEO PRODUCTION
ALAMEDA, CA 94501
SBA Loan Lender
CITIBANK
ONE SANSOME ST
SAN FRANCISCO, CA 94104
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
512110 - Motion Picture and Video Production
Loan Approval Date
3/27/2002
Loan Approval Gross Amount
$517,000
Loan Approval from the SBA
Of the total $517,000 loan amount, the SBA guaranteed $387,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This SBA loan was for $517,000. How would you spend $517,000 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:
Financing Your Business
Who Lends Money to Small Businesses in San Francisco, California
SBA Participating Banks in California