Where to Get Capital for Jewelry Stores

Looking for small business loans for jewelry stores? An SBA loan may be just what you've been looking for. This $75,000 jewelry stores loan was issued by a Kentucky bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with City National Bank - W. Virginia, out of Ashland, Kentucky. The loan was granted and they received $75,000 to help grow their Ashland, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
ASHLAND, KY 41101

SBA Loan Lender

CITY NATIONAL BANK - W. VIRGINIA
344 17TH ST
ASHLAND, KY 41101

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5944 - Jewelry Stores

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

5/15/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like City National Bank - W. Virginia that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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Small Business Banks in Ashland, Kentucky

Kentucky SBA 7A Banks