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November 21, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > Your Community Bank Louisville Business Loans > Norwalk-The Furniture Idea Loan | ||||
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Prospect, Kentucky Bank for SBA Loans
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Prospect, KY Entrepreneur Gets SBA Loan to Buy Norwalk Furniture Idea FranchiseNeed a loan to purchase a Norwalk Furniture Idea franchise? Your Community Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Norwalk Furniture Idea franchise? If so, here's a 2004 SBA franchise loan that you should know about. Your Community Bank was the lender and the entrepreneur was based in Prospect, Kentucky. SBA Loan Borrower NORWALK-THE FURNITURE IDEA SBA Loan Lender YOUR COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 12/9/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Norwalk Furniture Idea franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Who Lends Money to Small Businesses in Louisville, Kentucky
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