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May 16, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Florence, Business Loans > Fifth Third Bank Florence Business Loans > Social Services Loan | ||||
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Best Banks for Florence, Kentucky Small Businesses
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Fifth Third Bank Gives Business Loan to Social Services CompanySBA loans in Kentucky are tough to come by these days. We take a look at one Kentucky SBA loan, provided by a Kentucky bank, that was approved by the SBA. You can learn something about getting a small business loan in Florence, Kentucky by studying this loan to a local business, made back in 2000. Banks like Fifth Third Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: SOCIAL SERVICES SBA Loan Lender FIFTH THIRD BANK This lender processed this loan for a small business 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. SIC Code 8399 - Social Services Loan Approval Date 6/28/2000 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 a new business. According to the loan information, this was not a franchise loan. 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 SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Florence 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: Best Florence, Kentucky Banks for Small Business
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