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Veteran Entertainment Television, LLC

Carlsbad, CA · Independent Artists, Writers, and Performers · NAICS 711510

Veteran Entertainment Television, LLC is located in Carlsbad, California, and operates in the Independent Artists, Writers, and Performers industry (NAICS 711510). The business was financed with an SBA 7(a) loan for a change of ownership of $2,628,000, approved on April 4, 2024, through Fifth Third Bank.

SBA 7(a) loan, change of ownership, approved Apr 4, 2024

$2,628,000 approvedLender: Fifth Third Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,628,000
SBA-guaranteed amount
$1,971,000 (75% of the approval)
Lender
Fifth Third Bank, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
10 years (120 months)
Estimated maturity
April 4, 2034 (estimated, approval date plus term)
Estimated monthly payment
$31,885 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
711510, Independent Artists, Writers, and Performers
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-49
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Independent Artists, Writers, and Performers: $1,462,580.
  • Average acquisition loan in California: $1,688,228.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in California