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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Cerritos, Business Loans > Gateway Business Bank Cerritos Business Loans > Motion Picture And Video Distribution Loan | ||||
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Cerritos, California SBA 7A Banks
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Cerritos, California Lender Lends Money to Motion Picture And Video Distribution CompanyWant to talk with a Cerritos, California bank about a small business loan? Here's one California business loan, issued by a Cerritos bank, that was approved by the SBA. Applying for an SBA loan with Gateway Business Bank worked out well for our friends at one local company in Los Angeles, California. They received an SBA loan for $100,000. Nice! SBA Loan Borrower COMPANY TYPE: MOTION PICTURE AND VIDEO DISTRIBUTION SBA Loan Lender GATEWAY BUSINESS BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 512120 - Motion Picture and Video Distribution Loan Approval Date 3/9/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 6 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Best Cerritos, California Banks for Small Business
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