How to Get a Loan for Musical Groups and Artists

Looking for business loans for musical groups and artists? Try the SBA. This $10,000 musical groups and artists loan was issued by an Alabama bank.

Pretty Okay Music And Publishi received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Compass Bank, out of Birmingham, Alabama. The loan was granted and they received $10,000 to help grow their Austin, Texas business.

SBA Loan Borrower

PRETTY OKAY MUSIC AND PUBLISHI
5617 CLAY AVE
AUSTIN, TX 78756

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This lender processed this commercial 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

711130 - Musical Groups and Artists

Loan Approval Date

7/21/2005

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower, Pretty Okay Music And Publishi, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in 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 retain 1 existing job.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Pretty Okay Music And Publishi needed a loan. Compass Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Compass Bank made the loan. The end result was that Pretty Okay Music And Publishi was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Family and Friend Investors - Your First Financiers

Small Business Banks in Birmingham, Alabama

Getting an SBA Loan in Alabama

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