Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Hopkinsville, Kentucky Bank Loan

 

 
Loan Census SBA Loan Info

Kentucky Entrepreneur Secures Financing to Buy Jani-King janitor's Service Franchise

Borrowing money to buy a Jani-King janitor's Service franchise? Paducah Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Jani-King janitor's Service franchise? If so, here's a 2006 SBA franchise loan that you should know about. Paducah Bank & Trust was the lender and the entrepreneur was based in Hopkinsville, Kentucky.

SBA Loan Borrower

LARRY LYNCH
HOPKINSVILLE, KY 42240

SBA Loan Lender

PADUCAH BANK & TRUST
555 JEFFERSON ST
PADUCAH, KY 42001

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$33,000

Loan Approval from the SBA

Of the total $33,000 loan amount, the SBA guaranteed $16,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jani-King janitor's Service franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Paducah Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Jani-King International, Inc.

A Company That Helps Entrepreneurs

Small Bank Loans in Paducah, Kentucky

Where to Get an SBA Loan Kentucky