Raising Money for Motion Picture Theaters

With these bank loans for motion picture theaters, the SBA guarantees the lender that the loan will be repaid. This motion picture theaters loan for $75,000 was given to an Iowa entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Glenwood, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Glenwood State Bank, based in Glenwood, Iowa.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
GLENWOOD, IA 51534

SBA Loan Lender

GLENWOOD STATE BANK
32 N WALNUT
GLENWOOD, IA 51534

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

512131 - Motion Picture Theaters

Loan Approval Date

2/13/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Glenwood State Bank 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:

The Friends and Family Network

Banks in Glenwood, Iowa

SBA Lenders in Iowa