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May 7, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > Fifth Third Bank Louisville Business Loans > Wood Kitchen Cabinets Loan | ||||
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SBA Lender Louisville Kentucky
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Louisville, Kentucky Entrepreneur Gets a Small Business LoanSearching for a Kentucky small business loan? This Kentucky entrepreneur got a small business loan, provided by a Kentucky bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Louisville, Kentucky by studying this loan to a local company, made back in 2003. Banks like Fifth Third Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINETS SBA Loan Lender FIFTH THIRD BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. 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 2434 - Wood Kitchen Cabinets NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 9/26/2003 Loan Approval Gross Amount $25,500 Loan Approval from the SBA Of the total $25,500 loan amount, the SBA guaranteed $21,675. 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 4 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $25,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 for Small Business in Louisville, Kentucky
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