Mayfield, Kentucky Bank Lends Money to Institutional Furniture Manufacturing Company in Livermore, Kentucky

Find Mayfield, Kentucky banks that specialize in SBA loans and know how to work with entrepreneurs. First Kentucky Bank, Inc. is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Livermore, Kentucky starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from First Kentucky Bank, Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: INSTITUTIONAL FURNITURE MANUFACTURING
LIVERMORE, KY 42352

SBA Loan Lender

FIRST KENTUCKY BANK, INC.
223 S 6TH
MAYFIELD, KY 42066

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

337127 - Institutional Furniture Manufacturing

Loan Approval Date

4/19/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower indicated that the loan would help generate 38 new jobs and retain 65 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Kentucky Bank, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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