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May 15, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Hazard, Business Loans > Peoples Bank & Trust - Hazard Hazard Business Loans > Child Day Care Services Loan | ||||
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Peoples Bank & Trust - Hazard
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SBA Loan from Peoples Bank & Trust - Hazard Helps Child Day Care Services CompanyPeoples Bank & Trust - Hazard and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kentucky entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hazard, Kentucky was able to borrow $357,000 from Peoples Bank & Trust - Hazard. The SBA made the loan possible by guaranteeing $267,750 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender PEOPLES BANK & TRUST - HAZARD This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 4/25/2005 Loan Approval Gross Amount $357,000 Loan Approval from the SBA Of the total $357,000 loan amount, the SBA guaranteed $267,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 14 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business 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: Where to Get an SBA Loan in Hazard, Kentucky
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