Borrowing Money for Newspaper Publishers
Looking for loans for newspaper publishers? An SBA loan may be just what you've been looking for. This $115,500 newspaper publishers loan was issued by a Colorado bank.
This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The Eastern Colorado Bank, out of Cheyenne Wells, Colorado. The loan was granted and they received $115,500 to help grow their Sharon Springs, Kansas business.
SBA Loan Borrower
COMPANY TYPE: NEWSPAPER PUBLISHERS
SHARON SPRINGS, KS 67758
SBA Loan Lender
THE EASTERN COLORADO BANK
10 S 1ST
CHEYENNE WELLS, CO 80810
This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
511110 - Newspaper Publishers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $115,500 loan amount, the SBA guaranteed $98,175.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Eastern Colorado Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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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