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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Lakeland, Business Loans > Colonial Bank Lakeland Business Loans > Bands, Orchestras, Actors And Entertainment Loan | ||||
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Best Banks for Mulberry Entrepreneurs
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Performing Arts Companies Small Business LoansLooking for small business loans for performing arts companies? The SBA may be the answer. This $150,000 performing arts companies loan was issued by a Florida bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Colonial Bank, out of Lakeland, Florida. The loan was granted and they received $150,000 to help grow their Mulberry, Florida business. SBA Loan Borrower COMPANY TYPE: BANDS, ORCHESTRAS, ACTORS AND ENTERTAINMENT SBA Loan Lender COLONIAL BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7929 - Bands, Orchestras, Actors and Entertainment NAICS Code 711190 - Performing Arts Companies Loan Approval Date 1/27/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start business in Mulberry FL, you ought to talk with a local Mulberry SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mulberry businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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