Business Loans for Radio Stations

With these business loans for radio stations, the SBA guarantees the lender that the loan will be repaid. This radio stations loan for $768,000 was given to a New Mexico entrepreneur in 2007.

Getting a small business loan in Albuquerque, New Mexico was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Standard Bank, operating out of Los Angeles, California. Here are the details on this New Mexico small business loan.

SBA Loan Borrower

COMPANY TYPE: RADIO STATIONS
Albuquerque, NM 87106

SBA Loan Lender

FIRST STANDARD BANK
1000 WILSHIRE BLVD, STE 100
LOS ANGELES, CA 90017

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

515112 - Radio Stations

Loan Approval Date

3/15/2007

Loan Approval Gross Amount

$768,000

Loan Approval from the SBA

Of the total $768,000 loan amount, the SBA guaranteed $576,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 5 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $768,000 loan. Remember, things become real when you believe you can achieve them!

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:

Obtaining Funding - Friends and Family

SBA Approved Banks in Los Angeles, California

California SBA 7A Banks