Raising Money for Photographic Equipment and Supplies Wholesalers

With these business loans for photographic equipment and supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This photographic equipment and supplies wholesalers loan for $675,000 was given to a California entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vernon, California was able to borrow $675,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $506,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PHOTOGRAPHIC EQUIPMENT AND SUPPLIES
VERNON, CA 90058

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5043 - Photographic Equipment and Supplies

NAICS Code

421410 - Photographic Equipment and Supplies Wholesalers

Loan Approval Date

8/2/2000

Loan Approval Gross Amount

$675,000

Loan Approval from the SBA

Of the total $675,000 loan amount, the SBA guaranteed $506,250.

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 80 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 72 existing jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $675,000 loan. Remember, if it to be, it is up to me!

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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Ohio SBA 7A Lenders