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May 2, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > 1st Cap. Bank - Kentucky Louisville Business Loans > Folding Paperboard Boxes Loan | ||||
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How Do We Get a Business Loan in Louisville, Kentucky?
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Folding Paperboard Box Manufacturing Commercial LoansLooking for commercial loans for folding paperboard box manufacturing? Try the SBA. This $625,000 folding paperboard box manufacturing loan was issued by a Kentucky bank. Getting a small business loan in Louisville, Kentucky was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from 1st Cap. Bank - Kentucky, operating out of Louisville, Kentucky. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: FOLDING PAPERBOARD BOXES SBA Loan Lender 1ST CAP. BANK - KENTUCKY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank 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. SIC Code 2657 - Folding Paperboard Boxes NAICS Code 322212 - Folding Paperboard Box Manufacturing Loan Approval Date 6/22/2005 Loan Approval Gross Amount $625,000 Loan Approval from the SBA Of the total $625,000 loan amount, the SBA guaranteed $468,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $625,000 loan. Remember, you control your own destiny. 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: Raising VC Money for Social Networking Companies SBA Participating Banks in Louisville, Kentucky
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