Borrowing Money for Motion Picture Theaters

Looking for loans for motion picture theaters? Talk to a banker who works with the SBA. This $333,800 motion picture theaters loan was issued by a Pennsylvania bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with National City Bank, out of Erie, Pennsylvania. The loan was granted and they received $333,800 to help grow their Pittsburgh, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
PITTSBURGH, PA 15217

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

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

7/18/2000

Loan Approval Gross Amount

$333,800

Loan Approval from the SBA

Of the total $333,800 loan amount, the SBA guaranteed $250,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like National City Bank and they will explain how you can get an SBA loan for your company.

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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