How to Get a Loan for Teleproduction and Postproduction Services

Looking for business loans for teleproduction and postproduction services? An SBA loan may be just what you've been looking for. This $27,500 teleproduction and postproduction services loan was issued by a New Mexico bank.

This small business knew how to go about getting a business bank loan. Based in Rio Rancho, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was New Mexico Bank & Trust, based in Rio Rancho, New Mexico.

SBA Loan Borrower

COMPANY TYPE: SERVICES ALLIED TO MOTION PICTURE PRODUCTION
RIO RANCHO, NM 87124

SBA Loan Lender

NEW MEXICO BANK & TRUST
4001 SOUTHERN BLVD SE
RIO RANCHO, NM 87124

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA 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

7819 - Services Allied to Motion Picture Production

NAICS Code

512191 - Teleproduction and Postproduction Services

Loan Approval Date

3/9/2001

Loan Approval Gross Amount

$27,500

Loan Approval from the SBA

Of the total $27,500 loan amount, the SBA guaranteed $23,375.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from New Mexico Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Banking Deregulation's Effects on Entrepreneurship

Find an SBA Lender in Rio Rancho, New Mexico

Getting an SBA Loan in New Mexico