Financing for Radio Stations

With these commercial loans for radio stations, the SBA guarantees the lender that the loan will be repaid. This radio stations loan for $221,100 was given to a Minnesota entrepreneur in 2006.

Getting a small business loan in Roseau, Minnesota was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Citizens State Bank Of Roseau, operating out of Roseau, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: RADIO STATIONS
ROSEAU, MN 56751

SBA Loan Lender

CITIZENS STATE BANK OF ROSEAU
118 MAIN AVE SOUTH
ROSEAU, MN 56751

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

515112 - Radio Stations

Loan Approval Date

11/22/2006

Loan Approval Gross Amount

$221,100

Loan Approval from the SBA

Of the total $221,100 loan amount, the SBA guaranteed $110,550.

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 8 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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