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April 27, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Louisville, Business Loans > Republic Bank & Trust Company Louisville Business Loans > John W Sublett Donna L Sublett Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Republic Bank & Trust Company Provides SBA Loan to Buy Servpro FranchiseBorrowing money to buy a Servpro franchise? Republic Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA. Servpro franchise loans are available to Owensboro, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Republic Bank & Trust Company, based in Louisville, Kentucky, issued an SBA franchise loan for a Servpro franchise in 2007. We've got all the details on this Kentucky small business loan. SBA Loan Borrower JOHN W SUBLETT DONNA L SUBLETT SBA Loan Lender REPUBLIC BANK & TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial 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. NAICS Code 562910 - Remediation Services Loan Approval Date 3/9/2007 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Republic Bank & Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 - Getting Venture Capital Who Lends Money to Small Businesses in Louisville, Kentucky
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