Commonwealth Bank & Trust Gives Small Business Loan to Business Associations Company

Would a Kentucky small business loan help your small business to grow and prosper? If so, you may want to talk with this Kentucky bank, which offers SBA loans to Kentucky entrepreneurs.

Getting a small business loan in Louisville, Kentucky was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Commonwealth Bank & Trust. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: BUSINESS ASSOCIATIONS
LOUISVILLE, KY 40245

SBA Loan Lender

COMMONWEALTH BANK & TRUST
4350 BROWNSBORO RD, STE 310
LOUISVILLE, KY 40207

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

813910 - Business Associations

Loan Approval Date

8/7/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are raising money in Louisville KY, you ought to talk with a local Louisville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Louisville businesses.

This SBA loan was for $150,000. How would you spend $150,000 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:

Debt Financing

Best Banks in Louisville, Kentucky

Browse All Business Loan Sources for Kentucky