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May 5, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Columbus, Business Loans > Commerce National Bank Columbus Business Loans > Motion Picture Theaters Loan | ||||
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Tips for Business Owners On Getting a Loan
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Raising Money for Motion Picture TheatersLooking for bank loans for motion picture theaters? An SBA loan may be just what you've been looking for. This $70,000 motion picture theaters loan was issued by an Ohio bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbus, Ohio was able to borrow $70,000 from Commerce National Bank. The SBA made the loan possible by guaranteeing $35,000 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE THEATERS SBA Loan Lender COMMERCE NATIONAL BANK The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 9/14/2005 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 67 employees. The loan application indicated that the funding would help generate 10 new jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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 $70,000 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. Related Links: Obtaining Funding From a Venture Capitalist Good Banks for Small Business in Columbus, Ohio Getting a Business Loan in Ohio
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