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December 21, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > Stock Yards Bank & Trust Louisville Business Loans > Floor Laying And Floor Contractors Loan | ||||
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Louisville, Kentucky Bank Loan
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Louisville, Kentucky Entrepreneur Gets a Business LoanBusiness loans in Kentucky are tough to come by these days. We take a look at one Kentucky business loan, provided by a Kentucky bank, that was approved by the SBA. Getting a small business loan in Louisville, Kentucky was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Stock Yards Bank & Trust. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: FLOOR LAYING AND FLOOR CONTRACTORS SBA Loan Lender STOCK YARDS BANK & TRUST This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235520 - Floor Laying and Floor Contractors Loan Approval Date 10/24/2005 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $30,000 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: Small Business Banks in Louisville, Kentucky
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