Business Loans for Newspaper Publishers

Looking for business loans for newspaper publishers? Talk to a banker who works with the SBA. This $135,000 newspaper publishers loan was issued by a Texas bank.

Getting a small business loan in Meridian, Texas was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First Commun Bank Cent. Texas Na, operating out of Meridian, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER PUBLISHERS
MERIDIAN, TX 76665

SBA Loan Lender

FIRST COMMUN BANK CENT. TEXAS NA
201 W MORGAN
MERIDIAN, TX 76665

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511110 - Newspaper Publishers

Loan Approval Date

2/17/2005

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Commun Bank Cent. Texas Na and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

How to Raise Money

Small Bank Loans in Meridian, Texas

SBA Lenders in Texas