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May 19, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Hudson, Business Loans > The Riverbank Hudson Business Loans > Motion Picture And Video Tape Production Loan | ||||
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Hudson, Wisconsin Bank Loan
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Motion Picture and Video Production Bank LoansLooking for bank loans for motion picture and video production? An SBA loan may be just what you've been looking for. This $75,448 motion picture and video production loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hudson, Wisconsin was able to borrow $75,448 from The Riverbank. The SBA made the loan possible by guaranteeing $64,130 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE AND VIDEO TAPE PRODUCTION SBA Loan Lender THE RIVERBANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7812 - Motion Picture and Video Tape Production NAICS Code 512110 - Motion Picture and Video Production Loan Approval Date 4/29/2002 Loan Approval Gross Amount $75,448 Loan Approval from the SBA Of the total $75,448 loan amount, the SBA guaranteed $64,130. 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $75,448 loan. Remember, fight for what you want, and it will be yours! 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: Where to Get an SBA Loan in Hudson, Wisconsin
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