Kentucky Entrepreneur Secures Financing to Buy Amerispec Franchise

Need money to purchase an Amerispec franchise? Paducah Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Amerispec franchise loans are available to Paducah, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Paducah Bank & Trust, based in Paducah, Kentucky, issued an SBA franchise loan for an Amerispec franchise in 2003. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

AMERISPEC
PADUCAH, KY 42001

SBA Loan Lender

PADUCAH BANK & TRUST
555 JEFFERSON ST
PADUCAH, KY 42001

This lender issued this particular SBA loan 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

7389 - Business Services

NAICS Code

541350 - Building Inspection Services

Loan Approval Date

10/14/2003

Loan Approval Gross Amount

$80,800

Loan Approval from the SBA

Of the total $80,800 loan amount, the SBA guaranteed $68,680.

More Information on This SBA Loan

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

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Paducah Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

AmeriSpec Home Inspection

AmeriSpec Home Inspection Service

Business Line of Credit

SBA Participating Banks in Paducah, Kentucky

Kentucky SBA Banks