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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Monroe, Business Loans > Ecd Investments Bidco Corp Monroe Business Loans > Radio Stations Loan | ||||
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Helena, Arkansas Bank Loan
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Borrowing Money for Radio StationsLooking for loans for radio stations? Try the SBA. This $124,000 radio stations loan was issued by a Louisiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Helena, Arkansas was able to borrow $124,000 from Ecd Investments Bidco Corp. The SBA made the loan possible by guaranteeing $105,400 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: RADIO STATIONS SBA Loan Lender ECD INVESTMENTS BIDCO CORP The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 515112 - Radio Stations Loan Approval Date 1/6/2004 Loan Approval Gross Amount $124,000 Loan Approval from the SBA Of the total $124,000 loan amount, the SBA guaranteed $105,400. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $124,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Lenders in Monroe, Louisiana
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