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April 28, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Dallas, Business Loans > Amer Business Lending Inc. Dallas Business Loans > Car Washes Loan | ||||
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Louisville, Kentucky Bank Loan
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Louisville, Kentucky Entrepreneur Gets a Bank LoanKentuckyBank loans are available to Kentucky firms through the SBA. In this case, a Texas bank provides the loan. Getting a small business loan in Louisville, Kentucky was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Amer Business Lending Inc.. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender AMER BUSINESS LENDING INC. The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/13/2007 Loan Approval Gross Amount $637,500 Loan Approval from the SBA Of the total $637,500 loan amount, the SBA guaranteed $478,125. 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 only one employee. The loan application indicated that the funding would help generate 1 new job. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Getting a Business Loan in Texas
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