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November 15, 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 > Clothing Accessories Stores Loan | ||||
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Kentucky Bank SBA Loans
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Pikeville, Kentucky Bank Gives SBA Loan to Clothing Accessories Stores CompanyThinking about meeting with a Pikeville, Kentucky bank about an SBA loan? Here's one Kentucky business loan, issued by a Pikeville bank, that was approved by the SBA. Applying for an SBA loan with Community Trust Bank, Inc. worked out well for our friends at one local firm in Somerset, Kentucky. The business was able to get an SBA loan for $40,000. Way to go! SBA Loan Borrower COMPANY TYPE: CLOTHING ACCESSORIES STORES SBA Loan Lender COMMUNITY TRUST BANK, INC. This commercial 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. NAICS Code 448150 - Clothing Accessories Stores Loan Approval Date 4/21/2006 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan 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 can help you find the best banks for small businesses in Somerset or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Banks in Pikeville, Kentucky
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