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May 10, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Sound Recording Industries Loan | ||||
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California Small Business SBA Loans
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Firm Gets a California SBA LoanSmall business loans in California are are few and far betweeen these days. We take a look at one California small business loan, provided by an Ohio bank, that was approved by the SBA. Getting a small business loan in Studio City, California was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: SOUND RECORDING INDUSTRIES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender processed this SBA 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 512290 - Sound Recording Industries Loan Approval Date 5/13/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 11 new jobs and retain 21 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks in Cincinnati, Ohio
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