Grayson, Kentucky Bank Gives SBA Loan to Local Passenger Transportation, N.E.C Company

Get SBA loans from a Grayson, Kentucky bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

The Commercial Bank Of Grayson is a Grayson, Kentucky small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Kentucky company.

SBA Loan Borrower

COMPANY TYPE: LOCAL PASSENGER TRANSPORTATION, N.E.C
MOREHEAD, KY 40351

SBA Loan Lender

THE COMMERCIAL BANK OF GRAYSON
208 E MAIN ST
GRAYSON, KY 41143

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4119 - Local Passenger Transportation, N.E.C

NAICS Code

485991 - Special Needs Transportation

Loan Approval Date

4/30/2002

Loan Approval Gross Amount

$40,813

Loan Approval from the SBA

Of the total $40,813 loan amount, the SBA guaranteed $34,691.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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