Raising Money for Prerecorded Tape, Compact Disc, and Record Stores
With these business loans for prerecorded tape, compact disc, and record stores, the SBA guarantees the lender that the loan will be repaid. This prerecorded tape, compact disc, and record stores loan for $23,000 was given to a entrepreneur in 2004.
Getting a small business loan in Caguas, was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Doral Bank, operating out of Catano, . Here are the details on this small business loan.
SBA Loan Borrower
COMPANY TYPE: PRERECORDED TAPE, COMPACT DISC, AND RECORD STORES
CAGUAS, PR 00725
SBA Loan Lender
DORAL BANK
163 BARBOSA AVE
CATANO, PR 00962
This lender issued this particular small business 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.
NAICS Code
451220 - Prerecorded Tape, Compact Disc, and Record Stores
Loan Approval Date
4/19/2004
Loan Approval Gross Amount
$23,000
Loan Approval from the SBA
Of the total $23,000 loan amount, the SBA guaranteed $19,550.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
This SBA loan was for $23,000. How would you spend $23,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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