How to Get a Loan for Newspaper Publishers

With these business loans for newspaper publishers, the SBA guarantees the lender that the loan will be repaid. This newspaper publishers loan for $49,500 was given to an Iowa entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Conrad, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Hardin County Savings Bank, based in Union, Iowa.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER PUBLISHERS
CONRAD, IA 50621

SBA Loan Lender

HARDIN COUNTY SAVINGS BANK
MAIN ST
UNION, IA 50258

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511110 - Newspaper Publishers

Loan Approval Date

7/24/2003

Loan Approval Gross Amount

$49,500

Loan Approval from the SBA

Of the total $49,500 loan amount, the SBA guaranteed $42,075.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Realistic Debt Financing Options

SBA Approved Banks in Union, Iowa

Iowa SBA 7A Lenders