Borrowing Money for Soil Preparation, Planting, and Cultivating

Looking for loans for soil preparation, planting, and cultivating? The SBA may be the answer. This $101,800 soil preparation, planting, and cultivating loan was issued by a Kentucky bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wingo, Kentucky was able to borrow $101,800 from First Commun Bank - Western Kent. The SBA made the loan possible by guaranteeing $86,530 of this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: SOIL PREPARATION, PLANTING, AND CULTIVATING
WINGO, KY 42039

SBA Loan Lender

FIRST COMMUN BANK - WESTERN KENT
114 E JACKSON ST
CLINTON, KY 42031

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

1/10/2007

Loan Approval Gross Amount

$101,800

Loan Approval from the SBA

Of the total $101,800 loan amount, the SBA guaranteed $86,530.

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 only one employee. The loan application indicated that the funding would help generate 1 new job.

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.

We can help you find the best banks for small businesses in Wingo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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