Munfordville, Kentucky Bank Lends Money to Commercial Screen Printing Company in Glasgow, Kentucky

Thinking about meeting with a Munfordville, Kentucky bank about an SBA loan? Here's one Kentucky business loan, issued by a Munfordville bank, that was approved by the SBA.

Applying for an SBA loan with Pbi Bank worked out well for our friends at one local company in Glasgow, Kentucky. The business was able to get an SBA loan for $122,500. Nice!

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL SCREEN PRINTING
GLASGOW, KY 42141

SBA Loan Lender

PBI BANK
949 S DIXIE HWY
MUNFORDVILLE, KY 42765

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323113 - Commercial Screen Printing

Loan Approval Date

6/16/2005

Loan Approval Gross Amount

$122,500

Loan Approval from the SBA

Of the total $122,500 loan amount, the SBA guaranteed $104,125.

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 5 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $122,500 loan. Remember, things become real when you believe you can achieve them!

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:

The Friends and Family Network

Who Lends Money to Small Businesses in Munfordville, Kentucky

Kentucky SBA 7A Banks