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March 29, 2024  
 
 
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SBA Lenders for Shaker Heights Small Business Owners

 

 
Loan Census SBA Loan Info

Where to Get Capital for Performing Arts, Sports, and Similar Events Promotion

Looking for small business loans for performing arts, sports, and similar events promotion? Try the SBA. This $30,000 performing arts, sports, and similar events promotion loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Shaker Heights, Ohio was able to borrow $30,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $24,000 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL SPORTS CLUBS AND PROMOTERS
SHAKER HEIGHTS, OH 44122

SBA Loan Lender

RBS CITIZENS
1215 SUPERIOR AVE
CLEVELAND, OH 44114

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7941 - Professional Sports Clubs and Promoters

NAICS Code

711320 - Performing Arts, Sports, and Similar Events Promotion

Loan Approval Date

10/23/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $24,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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