Commercial Loans for Performing Arts Companies
With these commercial loans for performing arts companies, the SBA guarantees the lender that the loan will be repaid. This performing arts companies loan for $350,000 was given to an Arizona entrepreneur in 2008.
This small business knew how to go about getting a business bank loan. Based in Mesa, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Desert Hills Bank, based in Phoenix, Arizona.
SBA Loan Borrower
COMPANY TYPE: PERFORMING ARTS COMPANIES
MESA, AZ 85210
SBA Loan Lender
DESERT HILLS BANK
3001 E CAMELBACK RD
PHOENIX, AZ 85016
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
711190 - Performing Arts Companies
Loan Approval Date
2/6/2008
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $175,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 25 employees. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 35 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
This SBA loan was for $350,000. How would you spend $350,000 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:
Angel Investors
SBA 7A Lenders in Phoenix, Arizona
Getting an SBA Loan in Arizona