Raising Money for Engineering Services

With these bank loans for engineering services, the SBA guarantees the lender that the loan will be repaid. This engineering services loan for $150,000 was given to a Kentucky entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Erlanger, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was The Bank Of Kentucky, Inc, based in Fort Mitchell, Kentucky.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
ERLANGER, KY 41017

SBA Loan Lender

THE BANK OF KENTUCKY, INC
350 BUTTERMILK PIKE
FORT MITCHELL, KY 41017

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

3/18/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 4 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $150,000. How would you spend $150,000 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.

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