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May 16, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Bowling Green, Business Loans > Farmers National Bank Bowling Green Business Loans > Radio, Tv, And Consumer Electronics Retailing Loan | ||||
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SBA 7A Banks That Lend to Bowling Green Small Businesses
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Kentucky Business Loan Issued to Radio, Tv, And Consumer Electronics Retailing CompanyKentuckySmall business loans are available to Kentucky small business owners through the SBA. In this case, a Kentucky bank provides the loan. You can learn something about getting a small business loan in Bowling Green, Kentucky by studying this loan to a local company, made back in 2001. Banks like Farmers National Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: RADIO, TV, AND CONSUMER ELECTRONICS RETAILING SBA Loan Lender FARMERS NATIONAL BANK 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 5731 - Radio, TV, and Consumer Electronics Retailing NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 3/26/2001 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. 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. This SBA loan request 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! If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Borrowing Money from Friends and Family Where to Get an SBA Loan in Bowling Green, Kentucky SBA Participating Banks in Kentucky
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