Olive Hill, Kentucky Entrepreneur Gets a Business Loan

KentuckyBank loans are available to Kentucky firms through the SBA. In this case, a Kentucky bank provides the loan.

Getting a small business loan in Olive Hill, Kentucky was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First National Bank. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: TRANSPORTATION SERVICES
OLIVE HILL, KY 41164

SBA Loan Lender

FIRST NATIONAL BANK
200 S CAROL MAOLNE BLVD
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

4789 - Transportation Services

NAICS Code

488210 - Support Activities for Rail Transportation

Loan Approval Date

10/3/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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.

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