Financing for Motion Picture Theaters

With these loans for motion picture theaters, the SBA guarantees the lender that the loan will be repaid. This motion picture theaters loan for $275,000 was given to a Maine entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bar Harbor, Maine was able to borrow $275,000 from First. The SBA made the loan possible by guaranteeing $206,250 of this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
BAR HARBOR, ME 04609

SBA Loan Lender

FIRST
102 MAIN ST
BAR HARBOR, ME 04609

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 American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7832 - Motion Picture Theaters

NAICS Code

512131 - Motion Picture Theaters

Loan Approval Date

1/17/2001

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $206,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Bar Harbor ME, you ought to talk with a local Bar Harbor SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bar Harbor businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Microlending as a Small Business Funding Source

Find an SBA Lender in Bar Harbor, Maine

SBA Maine Banks