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January 2, 2025 |
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| Home > Small Business Lenders by State > Business Loan Sources > Hagatna, Business Loans > The Bank Of Guam Hagatna Business Loans > Fine Arts Schools Loan | ||||
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Bank SBA Loans
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Hagatna, Bank Gives SBA Loan to Fine Arts Schools CompanyThinking about meeting with a Hagatna, bank about a business loan? Here's one business loan, issued by a Hagatna bank, that was approved by the SBA. Applying for an SBA loan with The Bank Of Guam worked out well for our friends at one local firm in Barrigda, . They got an SBA loan for $50,000. Nice! SBA Loan Borrower COMPANY TYPE: FINE ARTS SCHOOLS SBA Loan Lender THE BANK OF GUAM SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611610 - Fine Arts Schools Loan Approval Date 2/28/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Bank Of Guam and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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