Get an SBA Loan for Newspaper Publishers

Looking for small business loans for newspaper publishers? An SBA loan may be just what you've been looking for. This $574,000 newspaper publishers loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Garden Grove, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was United Commercial Bank, based in San Francisco, California.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER PUBLISHERS
GARDEN GROVE, CA 92843

SBA Loan Lender

UNITED COMMERCIAL BANK
555 MONTGOMERY ST
SAN FRANCISCO, CA 94111

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511110 - Newspaper Publishers

Loan Approval Date

8/15/2005

Loan Approval Gross Amount

$574,000

Loan Approval from the SBA

Of the total $574,000 loan amount, the SBA guaranteed $430,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 51 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 51 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into United Commercial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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Banks in San Francisco, California

Getting an SBA Loan in California