Loan Census Banking News and Information
May 2, 2024  
 
 
  Business Loan Information  
 

Beaumont, California Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Raising Money for Commercial Photography

With these business loans for commercial photography, the SBA guarantees the lender that the loan will be repaid. This commercial photography loan for $52,600 was given to a California entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Beaumont, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Inland Commun Bank, based in Rialto, California.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PHOTOGRAPHY
BEAUMONT, CA 92223

SBA Loan Lender

INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541922 - Commercial Photography

Loan Approval Date

3/8/2007

Loan Approval Gross Amount

$52,600

Loan Approval from the SBA

Of the total $52,600 loan amount, the SBA guaranteed $26,300.

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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $52,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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