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May 18, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Grand Rapids, Business Loans > Fifth Third Bank Grand Rapids Business Loans > Basic Organic Chemical Manufacturing Loan | ||||
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Who Lends Money to Dry Ridge Small Business Owners
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Kentucky Small Business Loan Issued to Basic Organic Chemical Manufacturing CompanyKentuckySBA loans are available to Kentucky entrepreneurs through the SBA. In this case, a Michigan bank provides the loan. You can learn something about getting a small business loan in Dry Ridge, Kentucky by studying this loan to a local business, made back in 2006. Banks like Fifth Third Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: BASIC ORGANIC CHEMICAL MANUFACTURING SBA Loan Lender FIFTH THIRD BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325199 - Basic Organic Chemical Manufacturing Loan Approval Date 9/19/2006 Loan Approval Gross Amount $257,000 Loan Approval from the SBA Of the total $257,000 loan amount, the SBA guaranteed $192,750. 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 SBA loan documents indicated that the loan would help generate 6 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks for Small Business in Grand Rapids, Michigan
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