Shelbyville, Kentucky Business Gets SBA-Guaranteed Funding from 1st Cap. Bank - Kentucky

An SBA loan from 1st Cap. Bank - Kentucky typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Shelbyville, Kentucky business owner got a $900,000 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with 1st Cap. Bank - Kentucky, out of Louisville, Kentucky. The loan was granted and they received $900,000 to help grow their Shelbyville, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
SHELBYVILLE, KY 40065

SBA Loan Lender

1ST CAP. BANK - KENTUCKY
293 N HUBBARDS LN
LOUISVILLE, KY 40207

This lender issued this SBA loan under the 7A SBA 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.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

8/12/2005

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

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 5 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from 1st Cap. Bank - Kentucky so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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