Book, Periodical, and Newspaper Wholesalers Loans

With these loans for book, periodical, and newspaper wholesalers, the SBA guarantees the lender that the loan will be repaid. This book, periodical, and newspaper wholesalers loan for $150,000 was given to a Kentucky entrepreneur in 2001.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Cumberland Valley National Bank & Tr, out of East Bernstadt, Kentucky. The loan was granted and they received $150,000 to help grow their Corbin, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: BOOKS, PERIODICALS, AND NEWSPAPERS
CORBIN, KY 40201

SBA Loan Lender

CUMBERLAND VALLEY NATIONAL BANK & TR
1112 HWY 490
EAST BERNSTADT, KY 40729

This lender issued this particular business 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

5192 - Books, Periodicals, and Newspapers

NAICS Code

422920 - Book, Periodical, and Newspaper Wholesalers

Loan Approval Date

4/26/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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.

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