Get an SBA Loan for Building Material Dealers

Looking for loans for building material dealers? Talk to a banker who works with the SBA. This $61,300 building material dealers loan was issued by a Kentucky bank.

This company knew how to go about getting a business bank loan. Based in Munfordville, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Pbi Bank, based in Louisville, Kentucky.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
MUNFORDVILLE, KY 42765

SBA Loan Lender

PBI BANK
2500 EASTPOINT PKWY
LOUISVILLE, KY 40223

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

444190 - Building Material Dealers

Loan Approval Date

12/18/2007

Loan Approval Gross Amount

$61,300

Loan Approval from the SBA

Of the total $61,300 loan amount, the SBA guaranteed $30,650.

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 loan application indicated that the loan would help create 3 new jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Pbi Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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