Where to Get Capital for Audio and Video Equipment Manufacturing

Looking for SBA loans for audio and video equipment manufacturing? An SBA loan may be just what you've been looking for. This $65,000 audio and video equipment manufacturing loan was issued by a Kentucky bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Paducah, Kentucky was able to borrow $65,000 from Fnb Bank, Inc.. The SBA made the loan possible by guaranteeing $55,250 of this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD AUDIO AND VIDEO EQUIPMENT
PADUCAH, KY 42001

SBA Loan Lender

FNB BANK, INC.
630 JEFFERSON ST
PADUCAH, KY 42002

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3651 - Household Audio and Video Equipment

NAICS Code

334310 - Audio and Video Equipment Manufacturing

Loan Approval Date

5/16/2001

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 Fnb Bank, Inc. 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:

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SBA Participating Banks in Paducah, Kentucky

Kentucky SBA 7A Banks