Get an SBA Loan for Florists

Looking for loans for florists? Talk to a banker who works with the SBA. This $80,000 florists loan was issued by a Kentucky bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Kentucky Bank, Inc., out of Mayfield, Kentucky. The loan was granted and they received $80,000 to help grow their Union City, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
UNION CITY, TN 38261

SBA Loan Lender

FIRST KENTUCKY BANK, INC.
223 S 6TH
MAYFIELD, KY 42066

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

3/7/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Raising Venture Capital

Where to Get an SBA Loan in Mayfield, Kentucky

Find an SBA Lender in Kentucky