Radio Stations Commercial Loans

With these commercial loans for radio stations, the SBA guarantees the lender that the loan will be repaid. This radio stations loan for $637,500 was given to an Indiana entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jeffersonville, Indiana was able to borrow $637,500 from Community First Bank. The SBA made the loan possible by guaranteeing $478,125 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: RADIO STATIONS
JEFFERSONVILLE, IN 47130

SBA Loan Lender

COMMUNITY FIRST BANK
900 HWY 62 NW
CORYDON, IN 47112

This business loan 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

1/26/2006

Loan Approval Gross Amount

$637,500

Loan Approval from the SBA

Of the total $637,500 loan amount, the SBA guaranteed $478,125.

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 15 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community First Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community First Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Best Corydon, Indiana Banks for Small Business

Getting an SBA Loan in Indiana