Community Trust Bank SBA Loan to Physicians Company

Community Trust Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kentucky entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Pikeville, Kentucky was an essential business goal for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Community Trust Bank, operating out of Ruston, Louisiana. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
PIKEVILLE, KY 41501

SBA Loan Lender

COMMUNITY TRUST BANK
1511 N TRENTON ST
RUSTON, LA 71270

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

621111 - Physicians

Loan Approval Date

2/15/2006

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help create 4 new jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Pikeville KY, you ought to talk with a local Pikeville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pikeville businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Trust Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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SBA 7A Lenders in Ruston, Louisiana

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