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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Laredo, Business Loans > Falcon International Bank Laredo Business Loans > Theater Companies And Dinner Theaters Loan | ||||
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Raising Money in San Antonio, Texas With SBA Loans
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Raising Money for Theater Companies and Dinner TheatersLooking for bank loans for theater companies and dinner theaters? The SBA may be the answer. This $177,400 theater companies and dinner theaters loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Falcon International Bank, out of Laredo, Texas. The loan was granted and they received $177,400 to help grow their San Antonio, Texas business. SBA Loan Borrower COMPANY TYPE: THEATER COMPANIES AND DINNER THEATERS SBA Loan Lender FALCON INTERNATIONAL BANK 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 711110 - Theater Companies and Dinner Theaters Loan Approval Date 10/5/2004 Loan Approval Gross Amount $177,400 Loan Approval from the SBA Of the total $177,400 loan amount, the SBA guaranteed $133,050. 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 22 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Falcon International Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Where to Get an SBA Loan in Laredo, Texas
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