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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Agents And Managers For Artists, Athletes, Entertainers, And Public Figures Loan | ||||
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Business Loans for Los Angeles Business Owners
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Agents and Managers for Artists, Athletes, Entertainers, and Public Figures SBA LoansLooking for SBA loans for agents and managers for artists, athletes, entertainers, and public figures? The SBA may be the answer. This $669,000 agents and managers for artists, athletes, entertainers, and public figures loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Los Angeles, California was able to borrow $669,000 from Excel National Bank. The SBA made the loan possible by guaranteeing $501,750 of this California small business loan. SBA Loan Borrower COMPANY TYPE: AGENTS AND MANAGERS FOR ARTISTS, ATHLETES, ENTERTAINERS, AND PUBLIC FIGURES SBA Loan Lender EXCEL NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 711410 - Agents and Managers for Artists, Athletes, Entertainers, and Public Figures Loan Approval Date 2/5/2008 Loan Approval Gross Amount $669,000 Loan Approval from the SBA Of the total $669,000 loan amount, the SBA guaranteed $501,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Business Banks in Beverly Hills, California
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