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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 > Lawn And Garden Services Loan | ||||
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Get an SBA 7A Loan in Paducah, Kentucky
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Kentucky SBA Loan Issued to Lawn And Garden Services CompanyLooking to get a Kentucky bank loan? This Kentucky entrepreneur got a bank loan, provided by a Kentucky bank that works with the SBA to help small business owners. Getting a small business loan in Paducah, Kentucky was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Paducah Bank & Trust. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender PADUCAH BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 1/29/2003 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $61,200. 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 2 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Paducah KY, you ought to talk with a local Paducah SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Paducah businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $72,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Participating Banks in Paducah, Kentucky
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