Radio Stations Small Business Loans

Looking for small business loans for radio stations? Talk to a banker who works with the SBA. This $100,000 radio stations loan was issued by a North Dakota bank.

This small firm knew how to go about getting a business bank loan. Based in Langdon, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Choice Financial Group, based in Grafton, North Dakota.

SBA Loan Borrower

COMPANY TYPE: RADIO BROADCASTING STATIONS
LANGDON, ND 58249

SBA Loan Lender

CHOICE FINANCIAL GROUP
645 HILL AVE
GRAFTON, ND 58237

This loan for a small business 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.

SIC Code

4832 - Radio Broadcasting Stations

NAICS Code

513112 - Radio Stations

Loan Approval Date

9/2/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

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 13 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Langdon 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.

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