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| Home > Small Business Lenders by State > California Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Services Allied To Motion Picture Production Loan | ||||
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Wachovia Sba Lending, Inc. Small Business Loan
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How to Get a Loan for Motion Picture and Video IndustriesLooking for SBA loans for motion picture and video industries? The SBA may be the answer. This $307,000 motion picture and video industries loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Santa Monica, California was able to borrow $307,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $230,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES ALLIED TO MOTION PICTURE PRODUCTION SBA Loan Lender WACHOVIA SBA LENDING, INC. The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7819 - Services Allied to Motion Picture Production NAICS Code 512199 - Motion Picture and Video Industries Loan Approval Date 8/1/2003 Loan Approval Gross Amount $307,000 Loan Approval from the SBA Of the total $307,000 loan amount, the SBA guaranteed $230,250. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $307,000 loan. Remember, if it to be, it is up to me! 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: Realistic Debt Financing Options Best Banks in Roseville, California Where to Get an SBA Loan California
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