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May 17, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Cadiz, Business Loans > Bank - Cadiz & Trust Cadiz Business Loans > Heavy Construction Equipment Rental And Leasing Loan | ||||
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SBA 7A Banks for Small Businesses in Kentucky
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Kentucky SBA Loan Issued to Heavy Construction Equipment Rental And Leasing CompanySearching for a Kentucky business loan? This Kentucky entrepreneur got a business loan, provided by a Kentucky bank that works with the SBA to help small business owners. This small business, based in Cadiz, Kentucky, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank - Cadiz & Trust. We've got the inside scoop on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: HEAVY CONSTRUCTION EQUIPMENT RENTAL AND LEASING SBA Loan Lender BANK - CADIZ & TRUST This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7353 - Heavy Construction Equipment Rental and Leasing NAICS Code 234990 - Heavy Construction Loan Approval Date 5/21/2001 Loan Approval Gross Amount $42,000 Loan Approval from the SBA Of the total $42,000 loan amount, the SBA guaranteed $35,700. 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 only one employee. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours 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: Obtaining Funding From a Venture Capitalist
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