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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Burbank, Business Loans > Citizens Business Bank Burbank Business Loans > Video Tape And Disc Rental Loan | ||||
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Small Business Banks for Los Angeles Business Owners
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SBA Loans for Video Tape and Disc RentalLooking for SBA loans for video tape and disc rental? The SBA may be the answer. This $333,000 video tape and disc rental loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Los Angeles, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Citizens Business Bank, based in Burbank, California. SBA Loan Borrower COMPANY TYPE: VIDEO TAPE AND DISC RENTAL SBA Loan Lender CITIZENS BUSINESS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532230 - Video Tape and Disc Rental Loan Approval Date 3/16/2001 Loan Approval Gross Amount $333,000 Loan Approval from the SBA Of the total $333,000 loan amount, the SBA guaranteed $249,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 35 employees. The SBA loan documents indicated that the loan would help retain 35 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. 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 Citizens Business Bank 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: SBA Approved Banks in Burbank, California
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