Apple Cinemas Merrimack
Apple Cinemas Merrimack is a motion picture theater business in Merrimack, New Hampshire, in the motion picture theaters (except drive-ins) industry. The company financed real estate or equipment through an SBA 504 loan of $1,319,000, approved on February 13, 2025, through Celtic Bank Corporation with Bay Colony Development Corporation as the certified development company.
SBA 504 loan, approved Feb 13, 2025
$1,319,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,319,000
- Bank portion
- $1,990,600
- Estimated project size
- $3,677,333 (estimated)
- Estimated owner equity
- $367,733 (estimated, about 10% of the project)
- Bank lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 13, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 512131, Motion Picture Theaters (except Drive-Ins)
- Project location
- Hillsborough County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-1
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in Motion Picture Theaters (except Drive-Ins): $1,516,333.
- Average expansion loan in New Hampshire: $1,898,259.
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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Same industry in New Hampshire
- Apple Cinemas Hooksett, Hooksett