Getting an SBA Loan for Machine Shops

Looking for SBA loans for machine shops? Talk to a banker who works with the SBA. This $451,500 machine shops loan was issued by a Kentucky bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with The Bank Of Kentucky, Inc, out of Crestview Hills, Kentucky. The loan was granted and they received $451,500 to help grow their Florence, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
FLORENCE, KY 41042

SBA Loan Lender

THE BANK OF KENTUCKY, INC
111 LOOKOUT FARM DR
CRESTVIEW HILLS, KY 41017

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

6/21/2004

Loan Approval Gross Amount

$451,500

Loan Approval from the SBA

Of the total $451,500 loan amount, the SBA guaranteed $338,625.

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 19 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $451,500. How would you spend $451,500 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:

Direct Public Offerings

SBA 7A Lenders in Crestview Hills, Kentucky

Getting an SBA Loan in Kentucky