Kentucky Business Loan Issued to Child Day Care Services Company

Bank loans in Kentucky are tough to come by these days. We take a look at one Kentucky bank loan, provided by a Kentucky bank, that was approved by the SBA.

Getting a small business loan in Brooks, Kentucky was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from National City Bank. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
BROOKS, KY 40229

SBA Loan Lender

NATIONAL CITY BANK
101 S 5TH ST
LOUISVILLE, KY 40202

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/18/2002

Loan Approval Gross Amount

$34,750

Loan Approval from the SBA

Of the total $34,750 loan amount, the SBA guaranteed $17,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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:

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SBA Approved Banks in Louisville, Kentucky

Getting a Business Loan in Kentucky