National City Bank Gives SBA Loan to Car Washes Company

Want a Kentucky small business loan? This Kentucky entrepreneur got a small business loan, provided by a Kentucky bank that works with the SBA to help small business owners.

Getting a small business loan in Louisville, Kentucky was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from National City Bank. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
LOUISVILLE, KY 40219

SBA Loan Lender

NATIONAL CITY BANK
101 S 5TH ST
LOUISVILLE, KY 40202

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

811192 - Car Washes

Loan Approval Date

1/15/2004

Loan Approval Gross Amount

$153,300

Loan Approval from the SBA

Of the total $153,300 loan amount, the SBA guaranteed $76,650.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

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

If you need money to start business in Louisville KY, you ought to talk with a local Louisville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Louisville businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $153,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Financing Your Business

SBA Approved Banks in Louisville, Kentucky

Kentucky SBA 7A Lenders