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May 2, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Sandusky, Business Loans > The Citizens Banking Company Sandusky Business Loans > Motion Picture Theaters Loan | ||||
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Raising Money in Parchment, Michigan With SBA Loans
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Motion Picture Theaters Business LoansLooking for business loans for motion picture theaters? Try the SBA. This $202,500 motion picture theaters loan was issued by an Ohio bank. Getting a small business loan in Parchment, Michigan was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from The Citizens Banking Company, operating out of Sandusky, Ohio. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE THEATERS SBA Loan Lender THE CITIZENS BANKING COMPANY This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 512131 - Motion Picture Theaters Loan Approval Date 10/12/2006 Loan Approval Gross Amount $202,500 Loan Approval from the SBA Of the total $202,500 loan amount, the SBA guaranteed $101,250. 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 5 employees. This SBA loan request indicated that the borrowed money would help create 5 new jobs. Start the Process for Getting an SBA Loan Today! 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 $202,500 loan. Remember, feel the fear, and do it anyway. 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: SBA 7A Banks for Sandusky, Ohio Loans
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