Getting an SBA Loan for Teleproduction and Postproduction Services

Looking for commercial loans for teleproduction and postproduction services? Talk to a banker who works with the SBA. This $60,200 teleproduction and postproduction services loan was issued by a Washington bank.

This business knew how to go about getting a business bank loan. Based in Bellingham, Washington, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Whidbey Island Bank, based in Oak Harbor, Washington.

SBA Loan Borrower

COMPANY TYPE: TELEPRODUCTION AND POSTPRODUCTION SERVICES
BELLINGHAM, WA 98225

SBA Loan Lender

WHIDBEY ISLAND BANK
450 SW BAYSHORE DR
OAK HARBOR, WA 98277

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

512191 - Teleproduction and Postproduction Services

Loan Approval Date

2/7/2006

Loan Approval Gross Amount

$60,200

Loan Approval from the SBA

Of the total $60,200 loan amount, the SBA guaranteed $51,170.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $60,200. How would you spend $60,200 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:

Business Line of Credit

Good Banks for Small Business in Oak Harbor, Washington

SBA Participating Banks in Washington