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November 15, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > 1st Cap. Bank - Kentucky Louisville Business Loans > Car Washes Loan | ||||
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Examples of Hebron SBA Loans
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Raising Money for Car WashesLooking for business loans for car washes? The SBA may be the answer. This $1,050,000 car washes 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 1st Cap. Bank - Kentucky, out of Louisville, Kentucky. The loan was granted and they received $1,050,000 to help grow their Hebron, Kentucky business. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender 1ST CAP. BANK - KENTUCKY The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 5/20/2004 Loan Approval Gross Amount $1,050,000 Loan Approval from the SBA Of the total $1,050,000 loan amount, the SBA guaranteed $787,500. 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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money 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: Microlending as a Small Business Funding Source Small Business Banks in Louisville, Kentucky
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