Financing for Theater Companies and Dinner Theaters

With these loans for theater companies and dinner theaters, the SBA guarantees the lender that the loan will be repaid. This theater companies and dinner theaters loan for $172,920 was given to a Massachusetts entrepreneur in 2003.

Getting a small business loan in Fitchburg, Massachusetts was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from North Middlesex Savings Bank, operating out of Ayer, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
FITCHBURG, MA 01420

SBA Loan Lender

NORTH MIDDLESEX SAVINGS BANK
7 MAIN ST
AYER, MA 01432

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

711110 - Theater Companies and Dinner Theaters

Loan Approval Date

9/23/2003

Loan Approval Gross Amount

$172,920

Loan Approval from the SBA

Of the total $172,920 loan amount, the SBA guaranteed $129,690.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 38 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Loan

Best Banks in Ayer, Massachusetts

Getting an SBA Loan in Massachusetts