Financing for Motion Picture Theaters

Looking for commercial loans for motion picture theaters? Talk to a banker who works with the SBA. This $50,000 motion picture theaters loan was issued by a South Dakota bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First National Bank In Philip, out of Philip, South Dakota. The loan was granted and they received $50,000 to help grow their Philip, South Dakota business.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
PHILIP, SD 57567

SBA Loan Lender

FIRST NATIONAL BANK IN PHILIP
103 E OAK ST
PHILIP, SD 57567

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

12/18/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank In Philip 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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