SBA Loan from Gibsland Bank & Trust Company Helps Consumer Electronics And Appliances Rental Company

An SBA loan from Gibsland Bank & Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Arcadia, Arkansas business owner got a $53,200 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Gibsland Bank & Trust Company, out of Gibsland, Louisiana. The loan was granted and they received $53,200 to help grow their Arcadia, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: CONSUMER ELECTRONICS AND APPLIANCES RENTAL
ARCADIA, AR 71001

SBA Loan Lender

GIBSLAND BANK & TRUST COMPANY
1246 S 3RD ST
GIBSLAND, LA 71028

This SBA bank 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

532210 - Consumer Electronics and Appliances Rental

Loan Approval Date

9/21/2005

Loan Approval Gross Amount

$53,200

Loan Approval from the SBA

Of the total $53,200 loan amount, the SBA guaranteed $45,220.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Gibsland Bank & Trust Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Gibsland Bank & Trust Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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