Where to Get Capital for Telecommunications

Looking for small business loans for telecommunications? The SBA may be the answer. This $50,000 telecommunications loan was issued by a Kentucky bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with The Commercial Bank Of Grayson, out of Grayson, Kentucky. The loan was granted and they received $50,000 to help grow their Olive Hill, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: COMMUNICATIONS SERVICES
OLIVE HILL, KY 41164

SBA Loan Lender

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

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4899 - Communications Services

NAICS Code

513390 - Telecommunications

Loan Approval Date

11/7/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Commercial Bank Of Grayson so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Role of Business Plan When Raising Money

SBA 7A Banks for Grayson, Kentucky Loans

SBA Participating Banks in Kentucky