Company Gets a Kentucky Business Loan

SBA loans in Kentucky are hard to find these days. We take a look at one Kentucky SBA loan, provided by a Kentucky bank, that was approved by the SBA.

Getting a small business loan in Paducah, Kentucky was a top priority for this particular business back in 2006 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: PRINTING AND WRITING PAPER MERCHANT WHOLESALERS
PADUCAH, KY 42001

SBA Loan Lender

PADUCAH BANK & TRUST
555 JEFFERSON ST
PADUCAH, KY 42001

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

424110 - Printing and Writing Paper Merchant Wholesalers

Loan Approval Date

1/5/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 SBA loan documents indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a 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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Paducah Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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