Where to Get Capital for Newspaper Publishers

Looking for small business loans for newspaper publishers? Try the SBA. This $84,000 newspaper publishers loan was issued by a Louisiana bank.

Getting a small business loan in Newton, Texas was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Capital One, operating out of Jefferson, Louisiana. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: NEWSPAPER PUBLISHERS
NEWTON, TX 75966

SBA Loan Lender

CAPITAL ONE
1201 S CLEARVIEW PKWY, 1 EAST
JEFFERSON, LA 70121

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511110 - Newspaper Publishers

Loan Approval Date

5/3/2001

Loan Approval Gross Amount

$84,000

Loan Approval from the SBA

Of the total $84,000 loan amount, the SBA guaranteed $71,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Dealing With Venture Capitalists

Banks in Jefferson, Louisiana

Getting an SBA Loan in Louisiana