SBA Loan from Peoples Bank & Trust - Hazard Helps Child Day Care Services Company
Peoples Bank & Trust - Hazard and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kentucky entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hazard, Kentucky was able to borrow $357,000 from Peoples Bank & Trust - Hazard. The SBA made the loan possible by guaranteeing $267,750 of this Kentucky small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
HAZARD, KY 41701
SBA Loan Lender
PEOPLES BANK & TRUST - HAZARD
524 MAIN ST
HAZARD, KY 41701
This bank 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
624410 - Child Day Care Services
Loan Approval Date
4/25/2005
Loan Approval Gross Amount
$357,000
Loan Approval from the SBA
Of the total $357,000 loan amount, the SBA guaranteed $267,750.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 14 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Business Credit Evaluation
Where to Get an SBA Loan in Hazard, Kentucky
SBA Lenders in Kentucky