Byrdstown, Tennessee Bank Lends Money to Jewelry Stores Company in Albany, Kentucky

Get small business loans from a Byrdstown, Tennessee bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

People's Bank & Trust - Pickett is a Byrdstown, Tennessee small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Kentucky company.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
ALBANY, KY 42602

SBA Loan Lender

PEOPLE'S BANK & TRUST - PICKETT
19 COURT HOUSE SQ
BYRDSTOWN, TN 38549

This lender issued this particular business loan 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

448310 - Jewelry Stores

Loan Approval Date

8/10/2005

Loan Approval Gross Amount

$111,500

Loan Approval from the SBA

Of the total $111,500 loan amount, the SBA guaranteed $94,775.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower 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?

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $111,500 loan. Remember, feel the fear, and do it anyway.

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.

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