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April 28, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > First Bank And Trust New Orleans Business Loans > Motion Picture And Video Distribution Loan | ||||
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Raising Money in Baton Rouge, Louisiana With SBA Loans
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Raising Money for Motion Picture and Video DistributionLooking for bank loans for motion picture and video distribution? The SBA may be the answer. This $977,500 motion picture and video distribution loan was issued by a Louisiana bank. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Bank And Trust, out of New Orleans, Louisiana. The loan was granted and they received $977,500 to help grow their Baton Rouge, Louisiana business. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE AND VIDEO DISTRIBUTION SBA Loan Lender FIRST BANK AND TRUST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 512120 - Motion Picture and Video Distribution Loan Approval Date 3/26/2007 Loan Approval Gross Amount $977,500 Loan Approval from the SBA Of the total $977,500 loan amount, the SBA guaranteed $733,125. 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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs. 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Bank And Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Bank And Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Find an SBA Lender in New Orleans, Louisiana
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