Radio Stations Bank Loans

Looking for bank loans for radio stations? Try the SBA. This $40,000 radio stations loan was issued by a Missouri bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Central Bank - Lake - Ozarks, out of Osage Beach, Missouri. The loan was granted and they received $40,000 to help grow their Versailles, Missouri business.

SBA Loan Borrower

COMPANY TYPE: RADIO BROADCASTING STATIONS
VERSAILLES, MO 65084

SBA Loan Lender

CENTRAL BANK - LAKE - OZARKS
3848 HWY 54
OSAGE BEACH, MO 65065

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4832 - Radio Broadcasting Stations

NAICS Code

513112 - Radio Stations

Loan Approval Date

1/18/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Central Bank - Lake - Ozarks and they will explain how you can get an SBA loan for your company.

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:

Role of Business Plan When Raising Money

Who Lends Money to Small Businesses in Osage Beach, Missouri

SBA Lenders in Missouri