SBA Loan from South Cent. Bank - Barren County Helps Eating Places Company

An SBA loan from South Cent. Bank - Barren County typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cave City, Kentucky business owner got a $288,333 loan.

Getting a small business loan in Cave City, Kentucky was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from South Cent. Bank - Barren County, operating out of Glasgow, Kentucky. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
CAVE CITY, KY 42127

SBA Loan Lender

SOUTH CENT. BANK - BARREN COUNTY
208 S BROADWAY
GLASGOW, KY 42141

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/15/2001

Loan Approval Gross Amount

$288,333

Loan Approval from the SBA

Of the total $288,333 loan amount, the SBA guaranteed $216,250.

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 18 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Cave City KY, you ought to talk with a local Cave City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cave City businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like South Cent. Bank - Barren County and they will explain how you can get an SBA loan for your company.

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:

Determining Proper Capital Structure for a Business

SBA Banks in Glasgow, Kentucky

Kentucky SBA Banks