Musical Instrument and Supplies Stores Business Loans

With these business loans for musical instrument and supplies stores, the SBA guarantees the lender that the loan will be repaid. This musical instrument and supplies stores loan for $82,950 was given to a Kentucky entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Bardstown, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Kentucky Home Bank, Inc., based in Bardstown, Kentucky.

SBA Loan Borrower

COMPANY TYPE: RECORD AND PRERECORDED TAPE STORES
BARDSTOWN, KY 40004

SBA Loan Lender

KENTUCKY HOME BANK, INC.
940 BLOOMFIELD RD
BARDSTOWN, KY 40004

This lender issued this particular SBA bank 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.

SIC Code

5735 - Record and Prerecorded Tape Stores

NAICS Code

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

6/12/2002

Loan Approval Gross Amount

$82,950

Loan Approval from the SBA

Of the total $82,950 loan amount, the SBA guaranteed $70,507.

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 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $82,950. How would you spend $82,950 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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