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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Washington, Business Loans > The Adams National Bank Washington Business Loans > Newspaper Loan | ||||
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The Adams National Bank SBA 7A Loans
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Getting an SBA Loan for Newspaper PublishersLooking for SBA loans for newspaper publishers? The SBA may be the answer. This $150,000 newspaper publishers loan was issued by a District of Columbia bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The Adams National Bank, out of Washington, District of Columbia. The loan was granted and they received $150,000 to help grow their Hyattsville, Maryland business. SBA Loan Borrower COMPANY TYPE: NEWSPAPER SBA Loan Lender THE ADAMS NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2711 - Newspaper NAICS Code 511110 - Newspaper Publishers Loan Approval Date 9/26/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Hyattsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Washington, District of Columbia District of Columbia SBA 7A Lenders
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