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December 23, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Providence, Business Loans > Sovereign Bank Providence Business Loans > Conveyors And Conveying Equipment Loan | ||||
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Kentucky Small Business SBA Loans
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Kentucky Business Loan Issued to Conveyors And Conveying Equipment CompanyKentuckyBusiness loans are available to Kentucky business owners through the SBA. In this case, a Rhode Island bank provides the loan. Getting a small business loan in Walton, Kentucky was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Sovereign Bank. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: CONVEYORS AND CONVEYING EQUIPMENT SBA Loan Lender SOVEREIGN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3535 - Conveyors and Conveying Equipment NAICS Code 333922 - Conveyor and Conveying Equipment Manufacturing Loan Approval Date 6/13/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 17 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banks in Providence, Rhode Island
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