Louisville, Kentucky Entrepreneur Gets a Bank Loan

KentuckyBusiness loans are available to Kentucky business owners through the SBA. In this case, a Kentucky bank provides the loan.

You can learn something about getting a small business loan in Louisville, Kentucky by studying this loan to a local business, made back in 2004. Banks like Louisville Commun Devel Bk may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: WIRED TELECOMMUNICATIONS CARRIERS
LOUISVILLE, KY 40223

SBA Loan Lender

LOUISVILLE COMMUN DEVEL BK
2901 W BROADWAY
LOUISVILLE, KY 40211

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

517110 - Wired Telecommunications Carriers

Loan Approval Date

7/20/2004

Loan Approval Gross Amount

$27,000

Loan Approval from the SBA

Of the total $27,000 loan amount, the SBA guaranteed $22,950.

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 3 employees. The SBA loan documents indicated that the funding would help create 3 new jobs.

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

If you are working on finding money to start a business in Louisville KY, you ought to talk with a local Louisville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Louisville businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 Credit Cards

SBA Banks in Louisville, Kentucky

Find an SBA Lender in Kentucky