 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Paducah, Business Loans > Paducah Bank & Trust Paducah Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
 |
||||
Banks Doing SBA Loans in Kentucky
|
||||
 |
Entrepreneur Works With Paducah, Kentucky Bank to Get an SBA LoanA Paducah, Kentucky small business loan can be yours. Learn how a business got a $15,700 business loan from this Kentucky bank. This loan to a local firm is a good example of an SBA loan. Paducah Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other Kentucky entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender PADUCAH BANK & TRUST 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 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 5/9/2006 Loan Approval Gross Amount $15,700 Loan Approval from the SBA Of the total $15,700 loan amount, the SBA guaranteed $7,850. 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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Paducah Bank & Trust 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: Microlending as a Small Business Funding Source
|
|
||
|
||||
|
|
||||