Motion Picture Theaters Business Loans

With these business loans for motion picture theaters, the SBA guarantees the lender that the loan will be repaid. This motion picture theaters loan for $92,000 was given to a Pennsylvania entrepreneur in 2003.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Citizens National Bank, out of Wellsboro, Pennsylvania. The loan was granted and they received $92,000 to help grow their Galeton, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
GALETON, PA 16901

SBA Loan Lender

FIRST CITIZENS NATIONAL BANK
99 MAIN ST
WELLSBORO, PA 16901

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

10/9/2003

Loan Approval Gross Amount

$92,000

Loan Approval from the SBA

Of the total $92,000 loan amount, the SBA guaranteed $78,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Galeton PA, you ought to talk with a local Galeton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Galeton businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Citizens National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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