Fredonia Valley Bank SBA Loan to Sausages And Other Prepared Meat Products Company

Want a Kentucky business loan? Here's one Kentucky business loan that was approved by the SBA.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Fredonia Valley Bank, out of Fredonia, Kentucky. The loan was granted and they received $150,000 to help grow their Cadiz, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: SAUSAGES AND OTHER PREPARED MEAT PRODUCTS
CADIZ, KY 42211

SBA Loan Lender

FREDONIA VALLEY BANK
602 CASSIDY AVE
FREDONIA, KY 42411

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

2013 - Sausages and Other Prepared Meat Products

Loan Approval Date

7/20/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fredonia Valley Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fredonia Valley 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.

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