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November 15, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Glasgow, Business Loans > South Cent. Bank - Barren County Glasgow Business Loans > Local Messengers And Local Delivery Loan | ||||
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Getting Commercial Loans in Bowling Green, Kentucky
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Bowling Green, Kentucky Entrepreneur Gets a Business LoanKentuckyBank loans are available to Kentucky firms through the SBA. In this case, a Kentucky bank provides the loan. By giving the right information to South Cent. Bank - Barren County, this Bowling Green, Kentucky business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LOCAL MESSENGERS AND LOCAL DELIVERY SBA Loan Lender SOUTH CENT. BANK - BARREN COUNTY This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 492210 - Local Messengers and Local Delivery Loan Approval Date 10/5/2004 Loan Approval Gross Amount $61,750 Loan Approval from the SBA Of the total $61,750 loan amount, the SBA guaranteed $52,487. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for 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 small business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: SBA Approved Banks in Glasgow, Kentucky Getting a Business Loan in Kentucky
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