Radio Stations Small Business Loans

With these small business loans for radio stations, the SBA guarantees the lender that the loan will be repaid. This radio stations loan for $738,200 was given to a Mississippi entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Greenville, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community Bank Of Mississippi, based in Forest, Mississippi.

SBA Loan Borrower

COMPANY TYPE: RADIO STATIONS
GREENVILLE, MS 38701

SBA Loan Lender

COMMUNITY BANK OF MISSISSIPPI
323 E 3RD ST
FOREST, MS 39074

This debt financing 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.

NAICS Code

515112 - Radio Stations

Loan Approval Date

9/29/2006

Loan Approval Gross Amount

$738,200

Loan Approval from the SBA

Of the total $738,200 loan amount, the SBA guaranteed $553,650.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank Of Mississippi are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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 Credit Cards

SBA 7A Lenders in Forest, Mississippi

SBA Participating Banks in Mississippi