Small Business Loans for Motion Picture Theaters

Looking for small business loans for motion picture theaters? Try the SBA. This $562,000 motion picture theaters loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with 21st Century Bank, out of Blaine, Minnesota. The loan was granted and they received $562,000 to help grow their Red Wing, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
RED WING, MN 55066

SBA Loan Lender

21ST CENTURY BANK
9380 CENTRAL AVE NE
BLAINE, MN 55434

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

512131 - Motion Picture Theaters

Loan Approval Date

5/24/2005

Loan Approval Gross Amount

$562,000

Loan Approval from the SBA

Of the total $562,000 loan amount, the SBA guaranteed $196,700.

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 120 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

We can help you find the best banks for small businesses in Red Wing 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.

Related Links:

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Lenders in Blaine, Minnesota

Getting a Business Loan in Minnesota