Where to Get Capital for Video Tape and Disc Rental

Looking for SBA loans for video tape and disc rental? Try the SBA. This $110,304 video tape and disc rental loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Main Source Bank, out of Vevay, Indiana. The loan was granted and they received $110,304 to help grow their Vevay, Indiana business.

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE AND DISC RENTAL
VEVAY, IN 47043

SBA Loan Lender

MAIN SOURCE BANK
102 W MAIN ST
VEVAY, IN 47043

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

11/7/2002

Loan Approval Gross Amount

$110,304

Loan Approval from the SBA

Of the total $110,304 loan amount, the SBA guaranteed $82,728.

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 7 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 $110,304 loan. Remember, feel the fear, and do it anyway.

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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Vevay, Indiana

SBA Participating Banks in Indiana