South Cent. Bank - Monroe Cnty SBA Loan to Ready Mixed Concrete Company

An SBA loan from South Cent. Bank - Monroe Cnty typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tompkinsville, Kentucky business owner got a $2,000,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with South Cent. Bank - Monroe Cnty, out of Tompkinsville, Kentucky. The loan was granted and they received $2,000,000 to help grow their Tompkinsville, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: READY MIXED CONCRETE
TOMPKINSVILLE, KY 42167

SBA Loan Lender

SOUTH CENT. BANK - MONROE CNTY
320 N MAIN ST
TOMPKINSVILLE, KY 42167

This SBA 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

3273 - Ready Mixed Concrete

NAICS Code

327320 - Ready-Mix Concrete Manufacturing

Loan Approval Date

12/3/2004

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000.

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 125 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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