Paris, Kentucky Bank Gives SBA Loan to Special Trade Contractors Company

Thinking about meeting with a Paris, Kentucky bank about a small business loan? Here's one Kentucky business loan, issued by a Paris bank, that was approved by the SBA.

Applying for an SBA loan with Kentucky Bank worked out well for our friends at one local business in Lexington, Kentucky. They received an SBA loan for $400,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
LEXINGTON, KY 40509

SBA Loan Lender

KENTUCKY BANK
339 MAIN ST
PARIS, KY 40361

This loan for a small business 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.

SIC Code

1799 - Special Trade Contractors

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

5/18/2005

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 30 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $400,000 loan. Remember, you control your own destiny.

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:

Debt Financing

Where to Get an SBA Loan in Paris, Kentucky

SBA Lenders in Kentucky