Small Business Loans for Solid Waste Collection

With these small business loans for solid waste collection, the SBA guarantees the lender that the loan will be repaid. This solid waste collection loan for $637,000 was given to a Kentucky entrepreneur in 2005.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Hometown Bank - Corbin Inc. D/b/, out of Corbin, Kentucky. The loan was granted and they received $637,000 to help grow their London, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
LONDON, KY 40741

SBA Loan Lender

HOMETOWN BANK - CORBIN INC. D/B/
1030 CUMBERLAND FALLS HWY
CORBIN, KY 40701

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

6/24/2005

Loan Approval Gross Amount

$637,000

Loan Approval from the SBA

Of the total $637,000 loan amount, the SBA guaranteed $477,750.

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 7 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Hometown Bank - Corbin Inc. D/b/ 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.

Related Links:

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Find an SBA Lender in Corbin, Kentucky

Getting an SBA Loan in Kentucky