Loans for Business Service Centers

With these loans for business service centers, the SBA guarantees the lender that the loan will be repaid. This business service centers loan for $150,000 was given to an Arkansas entrepreneur in 2007.

Getting a small business loan in Bentonville, Arkansas was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Western Sblc, Inc, operating out of Dallas, Texas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICE CENTERS
BENTONVILLE, AR 72712

SBA Loan Lender

FIRST WESTERN SBLC, INC
17950 PRESTON RD, STE 600,
DALLAS, TX 75252

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561439 - Business Service Centers

Loan Approval Date

6/29/2007

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 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 only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you need business start up money in Bentonville AR, you ought to talk with a local Bentonville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bentonville businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Western Sblc, Inc and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - How to Borrow Money

Best Banks for Small Business in Dallas, Texas

Texas SBA 7A Banks