Business Loans for Hydroelectric Power Generation

With these business loans for hydroelectric power generation, the SBA guarantees the lender that the loan will be repaid. This hydroelectric power generation loan for $50,000 was given to a Kentucky entrepreneur in 2005.

Getting a small business loan in Lexington, Kentucky was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from American Founders Bank, Inc., operating out of Shelbyville, Kentucky. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: HYDROELECTRIC POWER GENERATION
LEXINGTON, KY 40505

SBA Loan Lender

AMERICAN FOUNDERS BANK, INC.
1734 MIDLAND TRL
SHELBYVILLE, KY 40065

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

221111 - Hydroelectric Power Generation

Loan Approval Date

6/10/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like American Founders Bank, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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