Borrowing Money for Agents and Managers for Artists, Athletes, Entertainers, and Public Figures

Looking for loans for agents and managers for artists, athletes, entertainers, and public figures? Talk to a banker who works with the SBA. This $40,000 agents and managers for artists, athletes, entertainers, and public figures loan was issued by a California bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Gbc International Bank, out of Monterey Park, California. The loan was granted and they received $40,000 to help grow their La, California business.

SBA Loan Borrower

COMPANY TYPE: THEATRICAL PRODUCERS
LA, CA 90046

SBA Loan Lender

GBC INTERNATIONAL BANK
168 W GARVEY AVE
MONTEREY PARK, CA 91754

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7922 - Theatrical Producers

NAICS Code

711410 - Agents and Managers for Artists, Athletes, Entertainers, and Public Figures

Loan Approval Date

4/28/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

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 SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Gbc International Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Gbc International Bank 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.

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