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December 21, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Hopkinsville, Business Loans > Planters Bank, Inc. Hopkinsville Business Loans > Medical Equipment Rental And Leasing Loan | ||||
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Kentucky SBA Banks
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Entrepreneur Works With Hopkinsville, Kentucky Bank to Get an SBA LoanA Hopkinsville, Kentucky small business loan can be yours. Learn how a company got a $130,000 business loan from this Kentucky bank. This loan to an entrepreneur is a good example of an SBA loan. Planters Bank, Inc. made the loan and the SBA guaranteed a portion of the loan. Many other Kentucky entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MEDICAL EQUIPMENT RENTAL AND LEASING SBA Loan Lender PLANTERS BANK, INC. This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7352 - Medical Equipment Rental and Leasing NAICS Code 532291 - Home Health Equipment Rental Loan Approval Date 9/2/2003 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. 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 SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Hopkinsville KY, you ought to talk with a local Hopkinsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hopkinsville businesses. We can help you find the best banks for small businesses in Hopkinsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Hopkinsville, Kentucky
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