Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Murray, Kentucky

 

 
Loan Census SBA Loan Info

Raising Money for Beauty Salons

Looking for bank loans for beauty salons? The SBA may be the answer. This $90,000 beauty salons loan was issued by a Kentucky bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Fnb Bank, Inc., out of Mayfield, Kentucky. The loan was granted and they received $90,000 to help grow their Murray, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
MURRAY, KY 42071

SBA Loan Lender

FNB BANK, INC.
101 E BROADWAY ST
MAYFIELD, KY 42066

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

8/29/2007

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fnb Bank, Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Investor Turnoffs

Find an SBA Lender in Mayfield, Kentucky

SBA Kentucky Banks