Loans for Newspaper Publishers

Looking for loans for newspaper publishers? An SBA loan may be just what you've been looking for. This $371,500 newspaper publishers loan was issued by an Oklahoma bank.

This company knew how to go about getting a business bank loan. Based in Denison, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First United Bank & Trust, based in Durant, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER
DENISON, TX 75020

SBA Loan Lender

FIRST UNITED BANK & TRUST
1400 W MAIN ST
DURANT, OK 74701

This SBA bank 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

2/21/2001

Loan Approval Gross Amount

$371,500

Loan Approval from the SBA

Of the total $371,500 loan amount, the SBA guaranteed $278,625.

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 23 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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