Solid Waste Collection Commercial Loans

Looking for commercial loans for solid waste collection? An SBA loan may be just what you've been looking for. This $109,000 solid waste collection loan was issued by a Kentucky bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hopkinsville, Kentucky was able to borrow $109,000 from Planters Bank, Inc.. The SBA made the loan possible by guaranteeing $92,650 of this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
HOPKINSVILLE, KY 42240

SBA Loan Lender

PLANTERS BANK, INC.
1312 S MAIN ST
HOPKINSVILLE, KY 42240

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.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

5/20/2004

Loan Approval Gross Amount

$109,000

Loan Approval from the SBA

Of the total $109,000 loan amount, the SBA guaranteed $92,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Planters Bank, Inc. and they will explain how you can get an SBA loan for your company.

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.

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