Newspaper Publishers Small Business Loans
Looking for small business loans for newspaper publishers? The SBA may be the answer. This $275,000 newspaper publishers loan was issued by an Iowa bank.
Getting a small business loan in Sheldon, Iowa was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Northwestern Bank, operating out of Sheldon, Iowa. Here are the details on this Iowa small business loan.
SBA Loan Borrower
COMPANY TYPE: NEWSPAPER PUBLISHERS
SHELDON, IA 51201
SBA Loan Lender
NORTHWESTERN BANK
934 3RD AVE
SHELDON, IA 51201
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
511110 - Newspaper Publishers
Loan Approval Date
5/18/2005
Loan Approval Gross Amount
$275,000
Loan Approval from the SBA
Of the total $275,000 loan amount, the SBA guaranteed $206,250.
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 36 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Northwestern Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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Small Business Banks in Sheldon, Iowa
Iowa SBA 7A Lenders