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December 20, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Pikeville, Business Loans > Community Trust Bank, Inc. Pikeville Business Loans > Wood Office Furniture Loan | ||||
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Pikeville SBA Loans
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Kentucky SBA Loan Issued to Wood Office Furniture CompanyKentuckyBusiness loans are available to Kentucky business owners through the SBA. In this case, a Kentucky bank provides the loan. By giving the right information to Community Trust Bank, Inc., this Pikeville, Kentucky business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: WOOD OFFICE FURNITURE SBA Loan Lender COMMUNITY TRUST BANK, INC. The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2521 - Wood Office Furniture NAICS Code 337211 - Wood Office Furniture Manufacturing Loan Approval Date 9/24/2001 Loan Approval Gross Amount $850,000 Loan Approval from the SBA Of the total $850,000 loan amount, the SBA guaranteed $637,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 80 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Pikeville, Kentucky Getting a Business Loan in Kentucky
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