Borrowing Money for Motion Picture Theaters

Looking for bank loans for motion picture theaters? The SBA may be the answer. This $59,300 motion picture theaters loan was issued by a North Carolina bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Corvallis, Oregon was able to borrow $59,300 from Bank Of America. The SBA made the loan possible by guaranteeing $29,650 of this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
CORVALLIS, OR 97330

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

512131 - Motion Picture Theaters

Loan Approval Date

8/18/2004

Loan Approval Gross Amount

$59,300

Loan Approval from the SBA

Of the total $59,300 loan amount, the SBA guaranteed $29,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $59,300. How would you spend $59,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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