Borrowing Money for Engineered Wood Member Manufacturing

Looking for loans for engineered wood member manufacturing? The SBA may be the answer. This $240,000 engineered wood member manufacturing loan was issued by a Kentucky bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Kentucky Bank, Inc., out of Mayfield, Kentucky. The loan was granted and they received $240,000 to help grow their Mayfield, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: ENGINEERED WOOD MEMBER MANUFACTURING
MAYFIELD, KY 42066

SBA Loan Lender

FIRST KENTUCKY BANK, INC.
223 S 6TH
MAYFIELD, KY 42066

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

321213 - Engineered Wood Member Manufacturing

Loan Approval Date

2/22/2006

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $96,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $240,000 loan. Remember, if it to be, it is up to me!

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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