Loan Census Banking News and Information
December 29, 2024  
 
 
  Business Loan Information  
 

Sheldon, Iowa Bank Loan

 

 
Loan Census SBA Loan Info

SBA Loans for Newspaper Publishers

With these SBA loans for newspaper publishers, the SBA guarantees the lender that the loan will be repaid. This newspaper publishers loan for $200,000 was given to an Iowa entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sheldon, Iowa was able to borrow $200,000 from Northwestern Bank. The SBA made the loan possible by guaranteeing $150,000 of 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

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Microlending as a Small Business Funding Source

SBA 7A Banks for Sheldon, Iowa Loans

Getting an SBA Loan in Iowa