Small Business Loans for Manufacturing and Industrial Building Construction

Looking for small business loans for manufacturing and industrial building construction? Try the SBA. This $50,000 manufacturing and industrial building construction loan was issued by a Kentucky bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Whitaker Bank, Inc, out of Stanton, Kentucky. The loan was granted and they received $50,000 to help grow their Stanton, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: OPERATIVE BUILDERS
STANTON, KY 40380

SBA Loan Lender

WHITAKER BANK, INC
130 S MAIN ST
STANTON, KY 40380

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1531 - Operative Builders

NAICS Code

233310 - Manufacturing and Industrial Building Construction

Loan Approval Date

10/10/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Whitaker Bank, Inc and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Realistic Debt Financing Options

SBA Participating Banks in Stanton, Kentucky

Where to Get an SBA Loan Kentucky