Borrowing Money for Radio Stations

With these bank loans for radio stations, the SBA guarantees the lender that the loan will be repaid. This radio stations loan for $20,000 was given to an Arkansas entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Thayer, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of Salem, based in Salem, Arkansas.

SBA Loan Borrower

COMPANY TYPE: RADIO STATIONS
THAYER, AR 72541

SBA Loan Lender

BANK OF SALEM
207 W CHURCH ST
SALEM, AR 72576

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

513112 - Radio Stations

Loan Approval Date

1/7/2002

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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 2 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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:

Small Business Loan

SBA Approved Banks in Salem, Arkansas

Arkansas SBA 7A Lenders