Performing Arts, Sports, and Similar Events Promotion Small Business Loans

Looking for small business loans for performing arts, sports, and similar events promotion? An SBA loan may be just what you've been looking for. This $225,000 performing arts, sports, and similar events promotion loan was issued by a Virginia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Winchester, Virginia was able to borrow $225,000 from First Bank. The SBA made the loan possible by guaranteeing $168,750 of this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: THEATRICAL PRODUCERS
WINCHESTER, VA 22602

SBA Loan Lender

FIRST BANK
112 W KING ST
STRASBURG, VA 22657

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7922 - Theatrical Producers

NAICS Code

711320 - Performing Arts, Sports, and Similar Events Promotion

Loan Approval Date

1/23/2003

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. 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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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