 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Lexington, Business Loans > Whitaker Bank, Inc Lexington Business Loans > Communications Services Loan | ||||
 |
||||
SBA Lender Georgetown, Kentucky
|
||||
 |
Georgetown, Kentucky Business Gets SBA-Guaranteed Funding from Whitaker Bank, IncWhitaker Bank, Inc and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kentucky entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Georgetown, Kentucky was able to borrow $55,000 from Whitaker Bank, Inc. The SBA made the loan possible by guaranteeing $46,750 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: COMMUNICATIONS SERVICES SBA Loan Lender WHITAKER BANK, INC This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4899 - Communications Services NAICS Code 513390 - Telecommunications Loan Approval Date 7/11/2002 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. 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 loan proceeds to increase staffing levels or retain any existing employees. 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. 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 in Lexington, Kentucky
|
|
||
|
||||
|
|
||||