Louisville, Kentucky Bank Lends Money to Marine Cargo Handling Company in Louisville, Kentucky

Thinking about meeting with a Louisville, Kentucky bank about an SBA loan? Here's one Kentucky business loan, issued by a Louisville bank, that was approved by the SBA.

Applying for an SBA loan with 1st Cap. Bank - Kentucky worked out well for our friends at one local firm in Louisville, Kentucky. They received an SBA loan for $1,333,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: MARINE CARGO HANDLING
LOUISVILLE, KY 40206

SBA Loan Lender

1ST CAP. BANK - KENTUCKY
293 N HUBBARDS LN
LOUISVILLE, KY 40207

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4491 - Marine Cargo Handling

NAICS Code

488310 - Port and Harbor Operations

Loan Approval Date

6/12/2003

Loan Approval Gross Amount

$1,333,000

Loan Approval from the SBA

Of the total $1,333,000 loan amount, the SBA guaranteed $999,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from 1st Cap. Bank - Kentucky so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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