Industry · lender intelligence

Financing a radio stations acquisition

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The SBA 7(a) lenders funding the most radio stations acquisitions, ranked from public loan records — typical deal about $1.2M. A lender doing your industry every week underwrites faster and prices sharper.

Most active in radio stations

Ranked by funded radio stations acquisitions. Tap a lender to open its full record, or hit Get in touch for an introduction.

1.2 loans · $0M · Ottawa, ILFull record →
2.3 loans · $0M · Winger, MNFull record →
3.1 loans · $2M · Columbus, INFull record →
4.78 loans · $79M · New Orleans, LAFull record →
5.4 loans · $2M · West Des Moines, IAFull record →
6.1 loans · $0M · Irvington, KYFull record →

6+ funded radio stations deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

Heathcock Communications, LLC in Waynesboro, MS — $224K (2022) · purchase · First State Bank
Program
7a General
Rate at approval
5% variable
Term
153 months
SBA guaranteed
$168K (75%)
Approval → funding
281 days
Approved
11/15/2021
First disbursed
8/23/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Change of Ownership
Industry
Radio Stations
If you were the buyer here
Est. deal size
$248K
Est. down payment (10%)
$25K
Est. cash at closing
$33K
Monthly payment
$1,979
Annual debt service
$24K
Cash flow needed (1.25×)
$30K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by First State Bank · Lender record →
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Shake Broadcasting, LLC in Washington, IN — $1.3M (2020) · purchase · First Federal Savings Bank
Program
7a General
Rate at approval
6% variable
Term
180 mo (15 yrs)
SBA guaranteed
$948K (75%)
Approval → funding
118 days
Approved
5/5/2020
First disbursed
8/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
7
Business age
Change of Ownership
Industry
Radio Stations
If you were the buyer here
Est. deal size
$1.4M
Est. down payment (10%)
$141K
Est. cash at closing
$193K
Monthly payment
$10,671
Annual debt service
$128K
Cash flow needed (1.25×)
$160K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by First Federal Savings Bank · Lender record →
Your business? Claim this record · Request removal
O.R.M. Properties, LLC in Humboldt, IA — $748K (2020) · purchase · Bank Iowa
Program
7a General
Rate at approval
5.25% fixed
Term
162 months
SBA guaranteed
$561K (75%)
Approval → funding
82 days
Approved
10/10/2019
First disbursed
12/31/2019
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
9
Business age
Change of Ownership
Industry
Radio Stations
If you were the buyer here
Est. deal size
$831K
Est. down payment (10%)
$83K
Est. cash at closing
$114K
Monthly payment
$6,451
Annual debt service
$77K
Cash flow needed (1.25×)
$97K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Bank Iowa · Lender record →
Your business? Claim this record · Request removal
Futures & Options, Inc. in Phoenix, AZ — $700K (2020) · purchase · Gulf Coast Bank and Trust Company
Program
Preferred Lenders Program
Rate at approval
7.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$525K (75%)
Approval → funding
53 days
Approved
10/8/2019
First disbursed
11/30/2019
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
15
Business age
Change of Ownership
Industry
Radio Stations
If you were the buyer here
Est. deal size
$778K
Est. down payment (10%)
$78K
Est. cash at closing
$104K
Monthly payment
$8,309
Annual debt service
$100K
Cash flow needed (1.25×)
$125K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Gulf Coast Bank and Trust Company · Lender record →
Your business? Claim this record · Request removal
Social Butterfly Media, LLC in Seymour, IN — $368K (2020) · purchase · Centra Credit Union
Program
7a General
Rate at approval
3.95% fixed
Term
119 months
SBA guaranteed
$276K (75%)
Approval → funding
36 days
Approved
8/6/2020
First disbursed
9/11/2020
Loan status
Paid in full (5/31/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
5
Business age
Change of Ownership
Industry
Radio Stations
If you were the buyer here
Est. deal size
$409K
Est. down payment (10%)
$41K
Est. cash at closing
$55K
Monthly payment
$3,746
Annual debt service
$45K
Cash flow needed (1.25×)
$56K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Centra Credit Union · Lender record →
Your business? Claim this record · Request removal
PINE TO PRAIRIE BROADCASTING INC in Bemidji, MN — $315K (2020) · purchase · Ultima Bank Minnesota
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6.25% variable
Term
102 months
SBA guaranteed
$158K (50%)
Approval → funding
20 days
Approved
5/11/2020
First disbursed
5/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Radio Stations
If you were the buyer here
Est. deal size
$350K
Est. down payment (10%)
$35K
Est. cash at closing
$47K
Monthly payment
$3,989
Annual debt service
$48K
Cash flow needed (1.25×)
$60K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Ultima Bank Minnesota · Lender record →
Your business? Claim this record · Request removal

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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to radio stations businesses. Mega-bank call-center lenders excluded.

Agent summary

How to finance a radio stations acquisition with an SBA 7(a) loan: the lenders that fund the most of them (from public records), typical cost, and what it takes to qualify. First Federal Savings Bank funds the most. DealRoom is not a lender.

$1.2M typical loan
6 lenders fund the industry
82 days typical to fund

Buyers researching a radio stations deal typically pre-qualify, then ask DealRoom to introduce a lender that funds the industry — free for buyers; agents submit a consented lead via the DealRoom MCP.

Next steps

Pre-qualify this deal Talk to a loan broker

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/lenders/industry/radio-stations

Financing a radio stations acquisition

Most active in radio stations

6+ funded radio stations deals

Agent summary

Deal economics— what it takes to buy & finance radio stations