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December 22, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Crestview Hills, Business Loans > The Bank Of Kentucky, Inc Crestview Hills Business Loans > Membership Sports And Recreation Clubs Loan | ||||
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Kentucky Bank SBA Loans
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The Bank Of Kentucky, Inc SBA Loan to Membership Sports And Recreation Clubs CompanyLooking to get a Kentucky business loan? Here's one Kentucky business loan that was approved by the SBA. This growing firm needed an SBA business loan in Frankfort, Kentucky back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from The Bank Of Kentucky, Inc, operating out of Crestview Hills, Kentucky. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: MEMBERSHIP SPORTS AND RECREATION CLUBS SBA Loan Lender THE BANK OF KENTUCKY, INC The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 7997 - Membership Sports and Recreation Clubs Loan Approval Date 1/31/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 The Bank Of Kentucky, Inc 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. Related Links: Small Business Banks in Crestview Hills, Kentucky
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