Kentucky Entrepreneur Secures Financing to Buy Pasta House Franchise

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

If you live near Paducah, Kentucky and are interested in buying a Pasta House franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Paducah Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

KYPHCO, INC.
PADUCAH, KY 42001

SBA Loan Lender

PADUCAH BANK & TRUST
555 JEFFERSON ST
PADUCAH, KY 42001

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/15/2006

Loan Approval Gross Amount

$82,200

Loan Approval from the SBA

Of the total $82,200 loan amount, the SBA guaranteed $69,870.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pasta House franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Attracting Investors

SBA 7A Banks in Paducah, Kentucky

SBA Kentucky Lenders