Kentucky Entrepreneur Secures Financing to Buy Purofirst Franchise

Need money to buy a Purofirst franchise? First & Peoples Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Purofirst franchise loans are available to Raceland, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First & Peoples Bank & Trust, based in Russell, Kentucky, issued an SBA franchise loan for a Purofirst franchise in 2003. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

PUROCLEAN OF THE TRI-STATE INC
RACELAND, KY 41169

SBA Loan Lender

FIRST & PEOPLES BANK & TRUST
1001 DIEDERICH BLVD
RUSSELL, KY 41169

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

5/22/2003

Loan Approval Gross Amount

$73,000

Loan Approval from the SBA

Of the total $73,000 loan amount, the SBA guaranteed $62,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Purofirst franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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