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December 24, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Grayson, Business Loans > The Commercial Bank Of Grayson Grayson Business Loans > Sewerage Systems Loan | ||||
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Kentucky SBA Banks
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Grayson, Kentucky Bank Lends Money to Sewerage Systems Company in Grayson, KentuckyGet to know Grayson, Kentucky banks that specialize in small business loans and know how to work with entrepreneurs. The Commercial Bank Of Grayson is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Grayson, Kentucky starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from The Commercial Bank Of Grayson. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: SEWERAGE SYSTEMS SBA Loan Lender THE COMMERCIAL BANK OF GRAYSON This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4952 - Sewerage Systems NAICS Code 221320 - Sewage Treatment Facilities Loan Approval Date 6/14/2002 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Approved Banks in Grayson, Kentucky
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