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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 > Amer Bank & Trust Inc. Bowling Green Business Loans > Water Well Drilling Loan | ||||
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Amer Bank & Trust Inc.
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Business Loan from Amer Bank & Trust Inc. Given to Water Well Drilling CompanyAmer Bank & Trust Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Kentucky entrepreneur who tapped into the power of SBA loans. This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Amer Bank & Trust Inc., out of Bowling Green, Kentucky. The loan was granted and they received $185,000 to help grow their Bowling Green, Kentucky business. SBA Loan Borrower COMPANY TYPE: WATER WELL DRILLING SBA Loan Lender AMER BANK & TRUST INC. The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1781 - Water Well Drilling NAICS Code 235810 - Water Well Drilling Contractors Loan Approval Date 3/21/2002 Loan Approval Gross Amount $185,000 Loan Approval from the SBA Of the total $185,000 loan amount, the SBA guaranteed $138,750. 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. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Banks in Bowling Green, Kentucky
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