Mayfield, Kentucky Entrepreneur Gets a Bank Loan

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

You can learn something about getting a small business loan in Mayfield, Kentucky by studying this loan to a local company, made back in 2001. Banks like First Commun Bank - Western Kent may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: LIVESTOCK SERVICES
MAYFIELD, KY 42031

SBA Loan Lender

FIRST COMMUN BANK - WESTERN KENT
114 E JACKSON ST
CLINTON, KY 42031

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0751 - Livestock Services

NAICS Code

115210 - Support Activities for Animal Production

Loan Approval Date

11/28/2001

Loan Approval Gross Amount

$191,000

Loan Approval from the SBA

Of the total $191,000 loan amount, the SBA guaranteed $143,250.

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 only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

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

If you are wondering how to raise money for a company in Mayfield KY, you ought to talk with a local Mayfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mayfield businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Equity Financing

Small Business Banks in Clinton, Kentucky

SBA Kentucky Banks