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November 21, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Baltimore, Business Loans > Development Credit Fund Inc Baltimore Business Loans > Motion Picture And Video Tape Production Loan | ||||
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Development Credit Fund Inc Small Business Loans Washington
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SBA Loan from Development Credit Fund Inc Helps Motion Picture And Video Tape Production CompanyAn SBA loan from Development Credit Fund Inc typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Washington, District of Columbia business owner got a $100,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Development Credit Fund Inc, out of Baltimore, Maryland. The loan was granted and they received $100,000 to help grow their Washington, District of Columbia business. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE AND VIDEO TAPE PRODUCTION SBA Loan Lender DEVELOPMENT CREDIT FUND INC The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses. 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 6/13/2002 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 Development Credit Fund Inc 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: Determining Proper Capital Structure for a Business SBA 7A Lenders in Baltimore, Maryland
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