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March 29, 2024  
 
 
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The Adams National Bank SBA 7A Loans

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Newspaper Publishers

Looking for SBA loans for newspaper publishers? The SBA may be the answer. This $150,000 newspaper publishers loan was issued by a District of Columbia bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The Adams National Bank, out of Washington, District of Columbia. The loan was granted and they received $150,000 to help grow their Hyattsville, Maryland business.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER
HYATTSVILLE, MD 20018

SBA Loan Lender

THE ADAMS NATIONAL BANK
1130 CONNECTICUT AVE NW, STE
WASHINGTON, DC 20006

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

9/26/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Hyattsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Who Lends Money to Small Businesses in Washington, District of Columbia

District of Columbia SBA 7A Lenders