Get an SBA Loan for Drinking Places

Looking for loans for drinking places? Try the SBA. This $100,742 drinking places loan was issued by a Kentucky bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Central Bank & Trust Co., out of Lexington, Kentucky. The loan was granted and they received $100,742 to help grow their Lexington, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
LEXINGTON, KY 40503

SBA Loan Lender

CENTRAL BANK & TRUST CO.
300 W VINE ST
LEXINGTON, KY 40507

This was a Low Documentation SBA loan. The SBA started this program to reduce 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. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

12/27/2001

Loan Approval Gross Amount

$100,742

Loan Approval from the SBA

Of the total $100,742 loan amount, the SBA guaranteed $85,630.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $100,742. How would you spend $100,742 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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