Security Business Bank - San Diego Gives SBA Loan to Motion Picture And Video Production Company
CaliforniaSBA loans are available to California entrepreneurs through the SBA. In this case, a California bank provides the loan.
By giving the right information to Security Business Bank - San Diego, this Carlsbad, California business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: MOTION PICTURE AND VIDEO PRODUCTION
Carlsbad, CA 92008
SBA Loan Lender
SECURITY BUSINESS BANK - SAN DIEGO
701 B ST, STE 100
SAN DIEGO, CA 92101
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
512110 - Motion Picture and Video Production
Loan Approval Date
3/14/2007
Loan Approval Gross Amount
$1,686,000
Loan Approval from the SBA
Of the total $1,686,000 loan amount, the SBA guaranteed $297,916.
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 30 employees. The loan application indicated that the loan would help retain 30 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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.
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