Commercial Loans for Newspaper Publishers

With these commercial loans for newspaper publishers, the SBA guarantees the lender that the loan will be repaid. This newspaper publishers loan for $710,000 was given to an Oklahoma entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in El Reno, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was The Bank Of Union, based in El Reno, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER
EL RENO, OK 73036

SBA Loan Lender

THE BANK OF UNION
2000 S COUNTRY CLUB RD
EL RENO, OK 73036

This 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

2/25/2004

Loan Approval Gross Amount

$710,000

Loan Approval from the SBA

Of the total $710,000 loan amount, the SBA guaranteed $532,500.

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 26 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Small Business Loan

Small Bank Loans in El Reno, Oklahoma

Oklahoma SBA Banks