Business Loan from Pbi Bank Given to Retail Stores Company

An SBA loan from Pbi Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Shelbyville, Kentucky business owner got a $310,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Pbi Bank, out of Canmer, Kentucky. The loan was granted and they received $310,000 to help grow their Shelbyville, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
SHELBYVILLE, KY 40065

SBA Loan Lender

PBI BANK
2708 N JACKSON HWY
CANMER, KY 42722

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

1/27/2003

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $232,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $310,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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