Princeton, Kentucky Bank Gives SBA Loan to Sporting Goods Stores And Bicycle Shops Company

Thinking about meeting with a Princeton, Kentucky bank about a small business loan? Here's one Kentucky business loan, issued by a Princeton bank, that was approved by the SBA.

Applying for an SBA loan with First Southern National Bank worked out well for our friends at one local business in Princeton, Kentucky. The business was able to get an SBA loan for $135,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
PRINCETON, KY 42445

SBA Loan Lender

FIRST SOUTHERN NATIONAL BANK
101 W WASHINGTON ST
PRINCETON, KY 42445

This debt financing 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

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

5/7/2001

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Princeton KY, you ought to talk with a local Princeton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Princeton businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Southern National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Realistic Debt Financing Options

Small Bank Loans in Princeton, Kentucky

Getting a Business Loan in Kentucky