Raising Money for Graphic Design Services

Looking for business loans for graphic design services? Talk to a banker who works with the SBA. This $100,000 graphic design services loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nevada City, California was able to borrow $100,000 from Citizens Bank - Northern Califor. The SBA made the loan possible by guaranteeing $85,000 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL ART AND GRAPHIC DESIGN
NEVADA CITY, CA 95959

SBA Loan Lender

CITIZENS BANK - NORTHERN CALIFOR
305 NEAL ST
GRASS VALLEY, CA 95945

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7336 - Commercial Art and Graphic Design

NAICS Code

541430 - Graphic Design Services

Loan Approval Date

1/21/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

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 Bank - Northern Califor 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:

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SBA Approved Banks in Grass Valley, California

SBA Participating Banks in California