SEX SHOW GETS FEDERAL LOAN
Miami Herald, The (FL) - June 10, 1982
Author: UNITED PRESS INTERNATIONAL
A Times Square peep show theater , which advertises "7 Live Bedroom Acts" on its marquee, received a $65,000 loan from the federal Small Business Administration.
The loan was granted in 1977 and passed on to the owner of the Show World Center on West 42nd Street and Eighth Avenue, considered one of the largest combination peep-show theater and sex-magazine shops in the city.
Officials said SBA auditors discovered the nature of the theater about two years ago. The loan has been repaid, they said.
The theater , which advertises pornographic films and live sexual acts, received the loan under an SBA program that encourages investment firms to support local businesses.
Two investment firms applied for the $65,000 loan listing the recipient as a "movie theater ."