Getting an SBA Loan for Newspaper Publishers

Looking for commercial loans for newspaper publishers? An SBA loan may be just what you've been looking for. This $460,000 newspaper publishers loan was issued by a North Dakota bank.

Getting a small business loan in Bismarck, North Dakota was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Security 1st Bank - No. Dakota, operating out of New Salem, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER
BISMARCK, ND 58501

SBA Loan Lender

SECURITY 1ST BANK - NO. DAKOTA
700 ASH AVE
NEW SALEM, ND 58563

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

10/26/2001

Loan Approval Gross Amount

$460,000

Loan Approval from the SBA

Of the total $460,000 loan amount, the SBA guaranteed $345,000.

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 25 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Security 1st Bank - No. Dakota had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Security 1st Bank - No. Dakota made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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SBA 7A Lenders in New Salem, North Dakota

SBA Lenders in North Dakota