Where to Get Capital for Performing Arts, Sports, and Similar Events Promotion
With these SBA loans for performing arts, sports, and similar events promotion, the SBA guarantees the lender that the loan will be repaid. This performing arts, sports, and similar events promotion loan for $30,000 was given to a Wisconsin entrepreneur in 2007.
This business knew how to go about getting a business bank loan. Based in De Pere, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Associated Bank, based in Green Bay, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: PERFORMING ARTS, SPORTS, AND SIMILAR EVENTS PROMOTION
De Pere, WI 54115
SBA Loan Lender
ASSOCIATED BANK
200 N ADAMS ST
GREEN BAY, WI 54301
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
711320 - Performing Arts, Sports, and Similar Events Promotion
Loan Approval Date
12/14/2007
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $15,000.
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 no employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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 Associated Bank 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:
Borrowing Money from Friends and Family
Small Business Banks in Green Bay, Wisconsin
Wisconsin SBA 7A Lenders