Salamander Books, LLC
Salamander Books, LLC is a motion picture theater business in Annville, Pennsylvania, classified under NAICS 512131 (Motion Picture Theaters, except Drive-Ins). The company was financed with an SBA 7(a) loan for a change of ownership, approved on May 30, 2024, in the amount of $520,000 through First Citizens Community Bank.
SBA 7(a) loan, change of ownership, approved May 30, 2024
$520,000 approvedLender: First Citizens Community Bank20 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $520,000
- SBA-guaranteed amount
- $390,000 (75% of the approval)
- Lender
- First Citizens Community Bank, Mansfield, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, fixed
- Term
- 20 years (240 months)
- Estimated maturity
- May 30, 2044 (estimated, approval date plus term)
- Estimated monthly payment
- $4,847 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 512131, Motion Picture Theaters (except Drive-Ins)
- Project location
- Lebanon County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Motion Picture Theaters (except Drive-Ins): $520,000.
- Average acquisition loan in Pennsylvania: $1,636,965.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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