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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Ash Flat, Business Loans > First National Banking Company Ash Flat Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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Small Business Banks in Arkansas
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Automotive Body, Paint, and Interior Repair and Maintenance Small Business LoansLooking for small business loans for automotive body, paint, and interior repair and maintenance? Talk to a banker who works with the SBA. This $173,400 automotive body, paint, and interior repair and maintenance loan was issued by an Arkansas bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First National Banking Company, out of Ash Flat, Arkansas. The loan was granted and they received $173,400 to help grow their Batesville, Arkansas business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender FIRST NATIONAL BANKING COMPANY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 11/23/2005 Loan Approval Gross Amount $173,400 Loan Approval from the SBA Of the total $173,400 loan amount, the SBA guaranteed $130,050. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Banking Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Banking 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. Related Links: Family and Friend Investors - Your First Financiers Who Lends Money to Small Businesses in Ash Flat, Arkansas
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