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December 20, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Pikeville, Business Loans > Community Trust Bank, Inc. Pikeville Business Loans > Nursery And Tree Production Loan | ||||
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How Hard Is It to Get a Small Business Loan in Lexington, Kentucky?
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Loans for Nursery and Tree ProductionLooking for loans for nursery and tree production? Talk to a banker who works with the SBA. This $188,800 nursery and tree production loan was issued by a Kentucky bank. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Community Trust Bank, Inc., out of Pikeville, Kentucky. The loan was granted and they received $188,800 to help grow their Lexington, Kentucky business. SBA Loan Borrower COMPANY TYPE: NURSERY AND TREE PRODUCTION SBA Loan Lender COMMUNITY TRUST BANK, INC. This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 111421 - Nursery and Tree Production Loan Approval Date 6/2/2006 Loan Approval Gross Amount $188,800 Loan Approval from the SBA Of the total $188,800 loan amount, the SBA guaranteed $94,400. 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 only one employee. The loan application indicated that the borrowed money would help create 3 new jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Approved Banks in Pikeville, Kentucky
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