Theater Companies and Dinner Theaters Small Business Loans

With these small business loans for theater companies and dinner theaters, the SBA guarantees the lender that the loan will be repaid. This theater companies and dinner theaters loan for $636,000 was given to a California entrepreneur in 2002.

Getting a small business loan in Rowland Heights, California was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bbva Bancomer Usa, operating out of Moreno Valley, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
ROWLAND HEIGHTS, CA 91748

SBA Loan Lender

BBVA BANCOMER USA
24010 SUNNYMEAD BLVD
MORENO VALLEY, CA 92553

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

711110 - Theater Companies and Dinner Theaters

Loan Approval Date

4/11/2002

Loan Approval Gross Amount

$636,000

Loan Approval from the SBA

Of the total $636,000 loan amount, the SBA guaranteed $477,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 24 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $636,000 loan. Remember, if it to be, it is up to me!

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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