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May 16, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Mayfield, Business Loans > Fnb Bank, Inc. Mayfield Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Kentucky SBA Lenders
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Mayfield, Kentucky Bank Gives SBA Loan to Fitness And Recreational Sports Centers CompanyA Mayfield, Kentucky business loan can be yours. Learn how a company got a $1,816,000 business loan from this Kentucky bank. This loan to a local firm is a good example of an SBA loan. Fnb Bank, Inc. made the loan and the SBA guaranteed a portion of the loan. Many other Kentucky entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender FNB BANK, INC. The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 7/24/2003 Loan Approval Gross Amount $1,816,000 Loan Approval from the SBA Of the total $1,816,000 loan amount, the SBA guaranteed $998,800. 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 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Who Lends Money to Small Businesses in Mayfield, Kentucky
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