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December 21, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > Commonwealth Bank & Trust Louisville Business Loans > Brimm Enterprises LLC Loan | ||||
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SBA 7A Banks for Lawrenceburg Business Owners
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Commonwealth Bank & Trust Provides SBA Loan to Buy Radio Shack FranchiseNeed money to purchase a Radio Shack franchise? Commonwealth Bank & Trust has a history of making these loans and they are guaranteed by the SBA. If you live near Lawrenceburg, Kentucky and are interested in buying a Radio Shack franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Commonwealth Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower BRIMM ENTERPRISES LLC SBA Loan Lender COMMONWEALTH BANK & TRUST This SBA 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 443112 - Radio, Television, and Electronics Stores Loan Approval Date 10/16/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the borrowed money would help generate 5 new jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Commonwealth Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Where to Get an SBA Loan in Louisville, Kentucky
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