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May 4, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Independent Artists, Writers, And Performers Loan | ||||
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Banks for Business Owners in District of Columbia
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Innovative Bank Gives Business Loan to Independent Artists, Writers, And Performers CompanySBA loans in District of Columbia are tough to come by these days. We take a look at one District of Columbia SBA loan, provided by a California bank, that was approved by the SBA. You can learn something about getting a small business loan in Washington, District of Columbia by studying this loan to a local business, made back in 2005. Banks like Innovative Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: INDEPENDENT ARTISTS, WRITERS, AND PERFORMERS SBA Loan Lender INNOVATIVE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 711510 - Independent Artists, Writers, and Performers Loan Approval Date 9/21/2005 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $4,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Innovative Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Role of Business Plan When Raising Money Small Business Banks in Oakland, California Getting an SBA Loan in California
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