Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Elizabethtown Bank Loan

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Elizabethtown, Kentucky Bank to Get an SBA Loan

Get small business loans from an Elizabethtown, Kentucky bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

First Fed. Savings Bank - Elizab is a Elizabethtown, Kentucky small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Kentucky company.

SBA Loan Borrower

COMPANY TYPE: PLASTICS FOAM PRODUCTS
LOUISVILLE, KY 40203

SBA Loan Lender

FIRST FED. SAVINGS BANK - ELIZAB
2323 RING RD
ELIZABETHTOWN, KY 42701

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3086 - Plastics Foam Products

NAICS Code

326140 - Polystyrene Foam Product Manufacturing

Loan Approval Date

8/12/2005

Loan Approval Gross Amount

$928,000

Loan Approval from the SBA

Of the total $928,000 loan amount, the SBA guaranteed $696,000.

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 25 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Fed. Savings Bank - Elizab that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

How Equity Dilution Works

SBA Banks in Elizabethtown, Kentucky

Kentucky SBA 7A Lenders