Borrowing Money for Prerecorded Compact Disc , Tape, and Record Reproducing

Looking for small business loans for prerecorded compact disc , tape, and record reproducing? The SBA may be the answer. This $64,500 prerecorded compact disc , tape, and record reproducing loan was issued by a Maryland bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Regal Bank & Trust, out of Owings Mills, Maryland. The loan was granted and they received $64,500 to help grow their Owings Mills, Maryland business.

SBA Loan Borrower

COMPANY TYPE: SERVICES ALLIED TO MOTION PICTURE PRODUCTION
OWINGS MILLS, MD 21117

SBA Loan Lender

REGAL BANK & TRUST
11436 CRONHILL DR, STE 1
OWINGS MILLS, MD 21117

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7819 - Services Allied to Motion Picture Production

NAICS Code

334612 - Prerecorded Compact Disc , Tape, and Record Reproducing

Loan Approval Date

10/17/2000

Loan Approval Gross Amount

$64,500

Loan Approval from the SBA

Of the total $64,500 loan amount, the SBA guaranteed $51,600.

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 2 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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