What is the SBA Community Advantage Loan for the Arts and Entertainment Industry?

The  SBA’s Community Advantage Loan for the Arts and Entertainment  Industry is a new application to an existing SBA loan product that  provides working capital of up to $250,000 and up to an 85% loan  guarantee for small businesses in the Arts and Entertainment Industry.

Purpose
​To  provide working capital for small businesses in the arts/entertainment  industry; including but not limited to: assisting in the release of a  commercial product and/or the fulfillment of contracts with companies  for marketing, distribution and licensing services while maintaining  transparency, ownership, and accountability through standard business  practices.

Why is This Loan So Important?

The  U.S. is the global leader in Arts and Entertainment and the platform  for small businesses to conduct business both domestically and globally  is ever changing. Through this loan package, we aim to support the needs  of small businesses in arts and entertainment by making financing more  accessible, strengthening the arts and entertainment small business  ability to compete, and recognizing the value of Intellectual Property  as well as Research and Development as business assets.

How Funds May be Used

Eligible uses include - but are not limited to: 

• Acquire furnishings and fixtures 
  
• Acquire equipment and machinery 
  
• Ancillary expenses 
  
• Buy an existing business 
  
• Buy or renovate a building 
  
• Live performance and touring 
  
• Product creation and development 
  
• Provide working capital 
  
• Purchase inventory and materials 

• Purchase supplies 
  
• Refinance existing business debt (in certain cases only, and conditions apply) 
  
• Start-Ups!
  

Eligibility Requirements Highlights

•  Registered and located in the United States 
  
•  Operating for-profit business 
  
•  Demonstrate need for capital and ability to repay loan 
  
•  Meet  size standards: Earnings less than $7.5 million in revenue (NOTE:  Earnings and employee requirements vary by  sector/NAICS Code) 
  
• Have reasonable credit score and credit history 
  
•  Not engaged in a prohibited business activity
  

Who May Apply?

Over 900 different types of business are eligible to apply that provide the following products and services: 

• Applied Design 
  
• Broadcasting 
  
• Data Processing, Hosting and Related Services 
  
• Distribution, Retail and Archives 
  
• Entertainment/Artist Services 
  
• Entertainment Venues 
  
• Filmed Entertainment 
  
• Licensing 
  
• Manufacturing/Physical Products 
  
• Media Arts 
  
• Music 
  
• Performing Arts 
  
• Publishing and Non-Publishing 
  
• Video Games 
  
• Visual Arts
  

How to Get Started

To learn more and see if your business is ready to apply, register your business and contact us today!