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May 9, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Manufacturing Loan | ||||
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How Hard Is It to Get a Small Business Loan in Alexandria, Kentucky?
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Business Loans for ManufacturingLooking for business loans for manufacturing? Try the SBA. This $22,600 manufacturing loan was issued by an Ohio bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Alexandria, Kentucky was able to borrow $22,600 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $11,300 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender processed this bank 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 339999 - Manufacturing Loan Approval Date 4/24/2006 Loan Approval Gross Amount $22,600 Loan Approval from the SBA Of the total $22,600 loan amount, the SBA guaranteed $11,300. 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 indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Alexandria or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Business Banks in Cincinnati, Ohio
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