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May 14, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Clinton, Business Loans > First Commun Bank - Western Kent Clinton Business Loans > Specialty Food Stores Loan | ||||
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Clinton Bank Loan
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Entrepreneur Works With Clinton, Kentucky Bank to Get an SBA LoanThinking about meeting with a Clinton, Kentucky bank about a small business loan? Here's one Kentucky business loan, issued by a Clinton bank, that was approved by the SBA. Applying for an SBA loan with First Commun Bank - Western Kent worked out well for our friends at one local company in Mayfield, Kentucky. The business was able to get an SBA loan for $40,000. Way to go! SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender FIRST COMMUN BANK - WESTERN KENT This commercial 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 445299 - Specialty Food Stores Loan Approval Date 9/21/2006 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 4 employees. The loan application indicated that the borrowed money would help generate 4 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Commun Bank - Western Kent and they will explain how you can get an SBA loan for your company. 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: SBA Approved Banks in Clinton, Kentucky
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