Hagatna, Lender Lends Money to Television Broadcasting Company
A Hagatna, business loan can be yours. Learn how a business got a $521,300 business loan from this bank.
This loan to an entrepreneur is a good example of an SBA loan. The Bank Of Guam made the loan and the SBA guaranteed a portion of the loan. Many other entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: TELEVISION BROADCASTING
HAGATNA, GU 96910
SBA Loan Lender
THE BANK OF GUAM
PARA-OCEAN BLDG, CORNER OF RT
HAGATNA, GU 96932
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
515120 - Television Broadcasting
Loan Approval Date
8/18/2005
Loan Approval Gross Amount
$521,300
Loan Approval from the SBA
Of the total $521,300 loan amount, the SBA guaranteed $390,975.
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 61 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Bank Of Guam so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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