Grant & Loan Awards: Franklin County
Franklin County
ESB Fund: $110,000
Awarded: 08/23/2007
Applicant: First Citizens Bank (Radio Elberton, Inc.)
Description:
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