Borrowing Money for Newspaper Publishers

Looking for loans for newspaper publishers? An SBA loan may be just what you've been looking for. This $73,500 newspaper publishers loan was issued by an Iowa bank.

This small firm knew how to go about getting a business bank loan. Based in Marcus, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was The First Trust & Savings Bank, based in Marcus, Iowa.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER
MARCUS, IA 51035

SBA Loan Lender

THE FIRST TRUST & SAVINGS BANK
100 W PINE
MARCUS, IA 51035

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2711 - Newspaper

NAICS Code

511110 - Newspaper Publishers

Loan Approval Date

6/7/2000

Loan Approval Gross Amount

$73,500

Loan Approval from the SBA

Of the total $73,500 loan amount, the SBA guaranteed $58,800.

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 4 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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