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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 > General Automotive Repair Loan | ||||
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Paducah Bank & Trust Commercial Loans
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General Automotive Repair Small Business LoansLooking for small business loans for general automotive repair? The SBA may be the answer. This $86,000 general automotive repair loan was issued by a Kentucky bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Paducah, Kentucky was able to borrow $86,000 from Paducah Bank & Trust. The SBA made the loan possible by guaranteeing $73,100 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender PADUCAH BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 7/13/2006 Loan Approval Gross Amount $86,000 Loan Approval from the SBA Of the total $86,000 loan amount, the SBA guaranteed $73,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $86,000. How would you spend $86,000 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: SBA 7A Banks in Paducah, Kentucky
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