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November 15, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Bowling Green, Business Loans > South Cent. Bank - Bowling Green Bowling Green Business Loans > General Automotive Repair Loan | ||||
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SBA Lenders in Bowling Green
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Bowling Green, Kentucky Business Gets SBA-Guaranteed Funding from South Cent. Bank - Bowling GreenSouth Cent. Bank - Bowling Green and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kentucky entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Bowling Green, Kentucky was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from South Cent. Bank - Bowling Green, operating out of Bowling Green, Kentucky. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender SOUTH CENT. BANK - BOWLING GREEN This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 8/19/2005 Loan Approval Gross Amount $335,000 Loan Approval from the SBA Of the total $335,000 loan amount, the SBA guaranteed $251,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like South Cent. Bank - Bowling Green are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Banks in Bowling Green, Kentucky
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