Raising Money for Performing Arts, Sports, and Similar Events Promotion

With these business loans for performing arts, sports, and similar events promotion, the SBA guarantees the lender that the loan will be repaid. This performing arts, sports, and similar events promotion loan for $14,500 was given to an Alabama entrepreneur in 2008.

This small business knew how to go about getting a business bank loan. Based in Huntsville, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Redstone Fcu, based in Huntsville, Alabama.

SBA Loan Borrower

COMPANY TYPE: PERFORMING ARTS, SPORTS, AND SIMILAR EVENTS PROMOTION
HUNTSVILLE, AL 35802

SBA Loan Lender

REDSTONE FCU
220 WYNN DR
HUNTSVILLE, AL 35893

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

711320 - Performing Arts, Sports, and Similar Events Promotion

Loan Approval Date

1/9/2008

Loan Approval Gross Amount

$14,500

Loan Approval from the SBA

Of the total $14,500 loan amount, the SBA guaranteed $12,325.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Redstone Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Redstone Fcu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - Friends and Family

SBA Approved Banks in Huntsville, Alabama

Alabama SBA 7A Lenders