Crestwood, Kentucky Entrepreneur Gets an SBA Loan

Would a Kentucky bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Kentucky bank, which offers SBA loans to Kentucky entrepreneurs.

Getting a small business loan in Crestwood, 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 Republic Bank & Trust Company. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
CRESTWOOD, KY 40014

SBA Loan Lender

REPUBLIC BANK & TRUST COMPANY
601 W MARKET ST, REPUBLIC COR
LOUISVILLE, KY 40202

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency 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

5551 - Boat Dealers

NAICS Code

441222 - Boat Dealers

Loan Approval Date

12/13/2002

Loan Approval Gross Amount

$1,025,000

Loan Approval from the SBA

Of the total $1,025,000 loan amount, the SBA guaranteed $768,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 8 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Republic Bank & Trust Company so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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