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May 16, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Paducah, Business Loans > Paducah Bank & Trust Paducah Business Loans > Prefabricated Wood Building Manufacturing Loan | ||||
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How to Get SBA Loans in Melber, Kentucky
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Bank Loans for Prefabricated Wood Building ManufacturingLooking for bank loans for prefabricated wood building manufacturing? The SBA may be the answer. This $204,500 prefabricated wood building manufacturing loan was issued by a Kentucky bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Melber, Kentucky was able to borrow $204,500 from Paducah Bank & Trust. The SBA made the loan possible by guaranteeing $102,250 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: PREFABRICATED WOOD BUILDING MANUFACTURING SBA Loan Lender PADUCAH BANK & TRUST The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 321992 - Prefabricated Wood Building Manufacturing Loan Approval Date 7/21/2006 Loan Approval Gross Amount $204,500 Loan Approval from the SBA Of the total $204,500 loan amount, the SBA guaranteed $102,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Paducah Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Paducah Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Banks for Paducah, Kentucky Loans
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