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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Maquoketa, Business Loans > Maquoketa State Bank Maquoketa Business Loans > Newspaper Publishers Loan | ||||
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Iowa Small Business Funding
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Getting an SBA Loan for Newspaper PublishersLooking for commercial loans for newspaper publishers? An SBA loan may be just what you've been looking for. This $456,000 newspaper publishers loan was issued by an Iowa bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Maquoketa, Iowa was able to borrow $456,000 from Maquoketa State Bank. The SBA made the loan possible by guaranteeing $342,000 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: NEWSPAPER PUBLISHERS SBA Loan Lender MAQUOKETA STATE BANK 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 511110 - Newspaper Publishers Loan Approval Date 2/25/2005 Loan Approval Gross Amount $456,000 Loan Approval from the SBA Of the total $456,000 loan amount, the SBA guaranteed $342,000. 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 57 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $456,000 loan. Remember, things become real when you believe you can achieve them! 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: Good Banks for Small Business in Maquoketa, Iowa
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