Financing for Engineering Services

Looking for loans for engineering services? Try the SBA. This $150,000 engineering services loan was issued by a Kentucky bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Citizens National Bank - Paintsville, out of Prestonsburg, Kentucky. The loan was granted and they received $150,000 to help grow their Prestonsburg, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
PRESTONSBURG, KY 41653

SBA Loan Lender

CITIZENS NATIONAL BANK - PAINTSVILLE
50 FRANKLIN CORNER
PRESTONSBURG, KY 41653

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8711 - Engineering Services

NAICS Code

541330 - Engineering Services

Loan Approval Date

6/13/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the small business planned to use the money 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:

Business Cash Advances

Best Prestonsburg, Kentucky Banks for Small Business

Find an SBA Lender in Kentucky