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December 21, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > Commonwealth Bank & Trust Louisville Business Loans > Business Services Loan | ||||
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SBA 7A Banks for Louisville, Kentucky Small Businesses
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Commercial Loans for Business Support ServicesLooking for commercial loans for business support services? Talk to a banker who works with the SBA. This $360,000 business support services loan was issued by a Kentucky bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Commonwealth Bank & Trust, out of Louisville, Kentucky. The loan was granted and they received $360,000 to help grow their Louisville, Kentucky business. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender COMMONWEALTH BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 561499 - Business Support Services Loan Approval Date 10/17/2006 Loan Approval Gross Amount $360,000 Loan Approval from the SBA Of the total $360,000 loan amount, the SBA guaranteed $270,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Louisville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Louisville, Kentucky Banks for Small Business
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