Bank Loans for Hobby, Toy, and Game Stores

Looking for bank loans for hobby, toy, and game stores? An SBA loan may be just what you've been looking for. This $40,000 hobby, toy, and game stores loan was issued by a Kentucky bank.

This small firm knew how to go about getting a business bank loan. Based in Lexington, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Community Trust Bank, Inc., based in Versailles, Kentucky.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
LEXINGTON, KY 40517

SBA Loan Lender

COMMUNITY TRUST BANK, INC.
101 N MAIN ST
VERSAILLES, KY 40383

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

8/22/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Community Trust 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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