SBA Loan from First Commun Bank - Western Kent Helps Home Furnishing Merchant Wholesalers Company

An SBA loan from First Commun Bank - Western Kent typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clinton, Kentucky business owner got a $35,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Commun Bank - Western Kent, out of Clinton, Kentucky. The loan was granted and they received $35,000 to help grow their Clinton, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHING MERCHANT WHOLESALERS
CLINTON, KY 42031

SBA Loan Lender

FIRST COMMUN BANK - WESTERN KENT
114 E JACKSON ST
CLINTON, KY 42031

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

423220 - Home Furnishing Merchant Wholesalers

Loan Approval Date

9/7/2006

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 application for the borrower indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $35,000. How would you spend $35,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Role of Business Plan When Raising Money

SBA Participating Banks in Clinton, Kentucky

Kentucky SBA Banks