Fifth Third Bank SBA Loan to Employment Agencies Company

Want a Kentucky business loan? Here's one Kentucky business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Louisville, Kentucky, they applied for and were given an SBA-guaranteed loan in 2006. The lending bank was Fifth Third Bank, based in Louisville, Kentucky.

SBA Loan Borrower

COMPANY TYPE: EMPLOYMENT AGENCIES
LOUISVILLE, KY 40207

SBA Loan Lender

FIFTH THIRD BANK
401 S 4TH AVE
LOUISVILLE, KY 40202

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a thorough understanding of SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7361 - Employment Agencies

NAICS Code

561310 -

Loan Approval Date

1/3/2006

Loan Approval Gross Amount

$469,000

Loan Approval from the SBA

Of the total $469,000 loan amount, the SBA guaranteed $351,750.

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 business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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