Where to Get Capital for Musical Instrument Manufacturing
With these small business loans for musical instrument manufacturing, the SBA guarantees the lender that the loan will be repaid. This musical instrument manufacturing loan for $17,000 was given to a California entrepreneur in 2006.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Anaheim, California was able to borrow $17,000 from Citibank. The SBA made the loan possible by guaranteeing $8,500 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: MUSICAL INSTRUMENT MANUFACTURING
ANAHEIM, CA 92805
SBA Loan Lender
CITIBANK
3900 PARADISE RD, STE 127
LAS VEGAS, NV 89109
The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
339992 - Musical Instrument Manufacturing
Loan Approval Date
10/25/2006
Loan Approval Gross Amount
$17,000
Loan Approval from the SBA
Of the total $17,000 loan amount, the SBA guaranteed $8,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Citibank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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
SBA 7A Banks in Las Vegas, Nevada
Getting a Business Loan in Nevada