Burlington, Kentucky Bank Gives SBA Loan to Eating Places Company

Find Burlington, Kentucky banks that specialize in small business loans and know how to work with entrepreneurs. Forcht Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Florence, Kentucky starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Forcht Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
FLORENCE, KY 41042

SBA Loan Lender

FORCHT BANK
6100 FIRST FINANCIAL DR
BURLINGTON, KY 41005

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to American small businesses.

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

11/6/2001

Loan Approval Gross Amount

$204,750

Loan Approval from the SBA

Of the total $204,750 loan amount, the SBA guaranteed $153,563.

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 22 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

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 Forcht Bank 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.

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