Periodical Publishers Small Business Loans

With these small business loans for periodical publishers, the SBA guarantees the lender that the loan will be repaid. This periodical publishers loan for $95,000 was given to a Vermont entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Saint Johnsbury, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Passumpsic Savings Bank, based in Saint Johnsbury, Vermont.

SBA Loan Borrower

COMPANY TYPE: PERIODICAL PUBLISHERS
SAINT JOHNSBURY, VT 05819

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
497 RAILROAD ST
SAINT JOHNSBURY, VT 05819

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

511120 - Periodical Publishers

Loan Approval Date

1/26/2006

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $47,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Credit Evaluation

SBA 7A Banks in Saint Johnsbury, Vermont

SBA Vermont Lenders