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November 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Amarillo, Business Loans > First United Bank Amarillo Business Loans > Musical Groups And Artists Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Getting an SBA Loan for Musical Groups and ArtistsLooking for business loans for musical groups and artists? Talk to a banker who works with the SBA. This $55,000 musical groups and artists loan was issued by a Texas bank. This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First United Bank, out of Amarillo, Texas. The loan was granted and they received $55,000 to help grow their Amarillo, Texas business. SBA Loan Borrower COMPANY TYPE: MUSICAL GROUPS AND ARTISTS SBA Loan Lender FIRST UNITED BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 711130 - Musical Groups and Artists Loan Approval Date 11/20/2007 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $27,500. 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. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 First United Bank 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Amarillo, Texas
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