Traditional Bank, Inc. SBA Loan to Special Dies And Tools, Die Sets, Jigs And Fixture Company
Looking to get a Kentucky SBA loan? Here's one Kentucky business loan that was approved by the SBA.
This growing firm needed an SBA business loan in Mt. Sterling, Kentucky back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Traditional Bank, Inc., operating out of Mount Sterling, Kentucky. Here are the details on this Kentucky small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIAL DIES AND TOOLS, DIE SETS, JIGS AND FIXTURE
MT. STERLING, KY 40353
SBA Loan Lender
TRADITIONAL BANK, INC.
49 W MAIN ST
MOUNT STERLING, KY 40353
This business 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.
SIC Code
3544 - Special Dies and Tools, Die Sets, Jigs and Fixture
Loan Approval Date
7/21/2000
Loan Approval Gross Amount
$314,600
Loan Approval from the SBA
Of the total $314,600 loan amount, the SBA guaranteed $235,950.
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 SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
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.
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:
Angel Investors
Small Business Banks in Mount Sterling, Kentucky
Where to Get an SBA Loan Kentucky