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May 4, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > Commonwealth Bank & Trust Louisville Business Loans > Brimm Enterprises LLC Loan | ||||
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Kentucky Small Business Funding for Franchises
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Lawrenceburg, KY Entrepreneur Gets SBA Loan to Buy Radio Shack FranchiseNeed a loan to purchase a Radio Shack franchise? Commonwealth Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Radio Shack franchise may simply require a phone call to a local SBA banker. In 2007, Commonwealth Bank & Trust issued an SBA franchise loan to an entrepreneur in Lawrenceburg, Kentucky. Because Radio Shack was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis. SBA Loan Borrower BRIMM ENTERPRISES LLC SBA Loan Lender COMMONWEALTH BANK & TRUST This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 10/11/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had no employees. The SBA loan application for the borrower indicated that the loan would help create 2 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $100,000. How would you spend $100,000 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. Related Links: SBA 7A Banks for Louisville, Kentucky Loans Getting an SBA Loan in Kentucky
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