Surrey Bank & Trust SBA Loan to Motion Picture Theaters Company

An SBA loan from Surrey Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ocean Isle, North Carolina business owner got a $1,192,300 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Surrey Bank & Trust, out of Mount Airy, North Carolina. The loan was granted and they received $1,192,300 to help grow their Ocean Isle, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
OCEAN ISLE, NC 28470

SBA Loan Lender

SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

512131 - Motion Picture Theaters

Loan Approval Date

7/13/2007

Loan Approval Gross Amount

$1,192,300

Loan Approval from the SBA

Of the total $1,192,300 loan amount, the SBA guaranteed $894,225.

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 50 employees. The SBA loan documents indicated that the loan would help retain 50 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Ocean Isle NC, you ought to talk with a local Ocean Isle SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ocean Isle businesses.

We can help you find the best banks for small businesses in Ocean Isle or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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