Kentucky Entrepreneur Secures Financing to Buy Taylor Rental Center Franchise

Need money to buy a Taylor Rental Center franchise? 1st Cap. Bank - Kentucky has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Taylor Rental Center franchise shouldn't be too tough. In 2004, 1st Cap. Bank - Kentucky issued an SBA franchise loan to an entrepreneur in Louisville, Kentucky. Because Taylor Rental Center was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

TAYLOR RENTAL
LOUISVILLE, KY 40219

SBA Loan Lender

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

This debt financing 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

532310 - General Rental Centers

Loan Approval Date

8/24/2004

Loan Approval Gross Amount

$391,000

Loan Approval from the SBA

Of the total $391,000 loan amount, the SBA guaranteed $293,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Taylor Rental Center franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

We can help you find the best banks for small businesses in Louisville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Taylor Rental/Party Central

Obtaining Funding - How to Borrow Money

Where to Get an SBA Loan in Louisville, Kentucky

Getting a Business Loan in Kentucky