Grant & Loan Awards: Franklin County


Franklin County

ESB Fund: $110,000

Awarded: 08/23/2007

Applicant: First Citizens Bank (Radio Elberton, Inc.)

ESB loan guarantee to construct a radio tower, rehabilitate a building in Lavonia and purchase/install radio broadcasting equipment for Radio Elberton, Inc., a new radio broadcasting company. The business is owned by two individuals who own five other radio stations in Georgia. First Citizens Bank of Toccoa is the lender.

Total Budgeted Project Cost: $220,000

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