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May 13, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Hodgenville, Business Loans > Lincoln National Bank Hodgenville Business Loans > Eating Places Loan | ||||
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Magnolia, Kentucky Bank Loan
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Kentucky Bank Loan Issued to Eating Places CompanyKentuckySmall business loans are available to Kentucky small business owners through the SBA. In this case, a Kentucky bank provides the loan. Getting a small business loan in Magnolia, Kentucky was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Lincoln National Bank. Here are the details on this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender LINCOLN NATIONAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 1/31/2000 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Business Banks in Hodgenville, Kentucky
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