Financing for Musical Instrument and Supplies Stores

Looking for loans for musical instrument and supplies stores? Talk to a banker who works with the SBA. This $55,000 musical instrument and supplies stores loan was issued by a Kentucky bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Community Trust Bank, Inc., out of Williamsburg, Kentucky. The loan was granted and they received $55,000 to help grow their Williamsburg, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT STORES
WILLIAMSBURG, KY 40769

SBA Loan Lender

COMMUNITY TRUST BANK, INC.
201 N THIRD ST
WILLIAMSBURG, KY 40769

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5736 - Musical Instrument Stores

NAICS Code

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

9/23/2003

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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 2 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $55,000. How would you spend $55,000 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.

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