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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Ventura, Business Loans > First Bank Ventura Business Loans > Motion Picture And Video Tape Distribution Loan | ||||
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Banks Doing SBA Loans in California
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Ventura, California Lender Lends Money to Motion Picture And Video Tape Distribution CompanyGet small business loans from a Ventura, California bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. First Bank is a Ventura, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE AND VIDEO TAPE DISTRIBUTION SBA Loan Lender FIRST BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7822 - Motion Picture and Video Tape Distribution Loan Approval Date 7/7/2000 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $90,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Bank and they will explain how you can get an SBA loan for your company. 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 - How to Decide How Much to Raise Where to Get an SBA Loan in Ventura, California
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