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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 > Child Day Care Services Loan | ||||
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Raising Money in Louisville, Kentucky With SBA Loans
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Raising Money for Child Day Care ServicesLooking for business loans for child day care services? An SBA loan may be just what you've been looking for. This $104,400 child day care services loan was issued by a Kentucky bank. Getting a small business loan in Louisville, Kentucky was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Commonwealth Bank & Trust, operating out of Louisville, Kentucky. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender COMMONWEALTH BANK & TRUST This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 7/16/2007 Loan Approval Gross Amount $104,400 Loan Approval from the SBA Of the total $104,400 loan amount, the SBA guaranteed $88,740. 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 6 employees. The loan application indicated that the borrowed money would help generate 6 new jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to borrow money from friends and family, 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: Small Bank Loans in Louisville, Kentucky
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