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May 5, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > National City Bank Louisville Business Loans > Mesker Enterprises, Inc. D/b/a Loan | ||||
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Small Business Banks for Lagrange Franchises
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Borrow Money to Buy a Cottage Care FranchiseNeed a loan to purchase a Cottage Care franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cottage Care franchise shouldn't be too tough. In 2004, National City Bank issued an SBA franchise loan to an entrepreneur in Lagrange, Kentucky. Because Cottage Care was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis. SBA Loan Borrower MESKER ENTERPRISES, INC. D/B/A SBA Loan Lender NATIONAL CITY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561720 - Janitorial Services Loan Approval Date 11/4/2004 Loan Approval Gross Amount $43,000 Loan Approval from the SBA Of the total $43,000 loan amount, the SBA guaranteed $21,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cottage Care franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. 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. This SBA loan was for $43,000. How would you spend $43,000 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: Raising VC Money for Social Networking Companies SBA Approved Banks in Louisville, Kentucky
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