Financing for Periodical Publishers

With these loans for periodical publishers, the SBA guarantees the lender that the loan will be repaid. This periodical publishers loan for $25,000 was given to a Georgia entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cordele, Georgia was able to borrow $25,000 from Plantersfirst. The SBA made the loan possible by guaranteeing $21,250 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PUBLISHING
CORDELE, GA 31015

SBA Loan Lender

PLANTERSFIRST
509 6TH ST SOUTH
CORDELE, GA 31015

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2741 - Publishing

NAICS Code

511120 - Periodical Publishers

Loan Approval Date

4/26/2002

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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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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