National City Bank Gives Business Loan to Sign Manufacturing Company

Small business loans in Kentucky are tough to come by these days. We take a look at one Kentucky small business loan, provided by an Ohio bank, that was approved by the SBA.

Getting a small business loan in Louisville, Kentucky was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from National City Bank. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
Louisville, KY 40211

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

8/30/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $20,000 loan. Remember, feel the fear, and do it anyway.

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:

Business Cash Advances

SBA 7A Banks for Cleveland, Ohio Loans

Getting an SBA Loan in Ohio