Get an SBA Loan for Newspaper Publishers

Looking for loans for newspaper publishers? The SBA may be the answer. This $54,000 newspaper publishers loan was issued by an Iowa bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Shelby County State Bank, out of Harlan, Iowa. The loan was granted and they received $54,000 to help grow their Elk Horn, Iowa business.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER PUBLISHERS
ELK HORN, IA 51531

SBA Loan Lender

SHELBY COUNTY STATE BANK
508 COURT ST
HARLAN, IA 51537

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511110 - Newspaper Publishers

Loan Approval Date

9/20/2005

Loan Approval Gross Amount

$54,000

Loan Approval from the SBA

Of the total $54,000 loan amount, the SBA guaranteed $45,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Shelby County State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Shelby County State Bank 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.

Related Links:

Obtaining Funding - How to Borrow Money

Banks in Harlan, Iowa

Iowa SBA Banks