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December 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Morehead City, Business Loans > Sound Banking Company Morehead City Business Loans > Motion Picture And Video Tape Production Loan | ||||
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Morehead City, North Carolina SBA Lenders
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Morehead City, North Carolina Bank Lends Money to Motion Picture And Video Tape Production Company in Newport, North CarolinaFind Morehead City, North Carolina banks that specialize in small business loans and know how to work with entrepreneurs. Sound Banking Company is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Newport, North Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Sound Banking Company. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE AND VIDEO TAPE PRODUCTION SBA Loan Lender SOUND BANKING COMPANY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7812 - Motion Picture and Video Tape Production NAICS Code 512110 - Motion Picture and Video Production Loan Approval Date 9/16/2003 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. 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 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sound Banking Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 7A Banks in Morehead City, North Carolina
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