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May 11, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Bardstown, Business Loans > Town & Country Bank & Trust Bardstown Business Loans > Sawmills Loan | ||||
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What Does It Take to Get a Business Loan in Marion, Kentucky?
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Raising Money for SawmillsLooking for business loans for sawmills? The SBA may be the answer. This $100,000 sawmills loan was issued by a Kentucky bank. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Town & Country Bank & Trust, out of Bardstown, Kentucky. The loan was granted and they received $100,000 to help grow their Marion, Kentucky business. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender TOWN & COUNTRY BANK & TRUST 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 SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 6/21/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 24 employees. The SBA loan application for the borrower indicated that the loan would help retain 24 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $100,000. How would you spend $100,000 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: Obtaining Funding - Friends and Family SBA Participating Banks in Kentucky
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