Arvest Bank Gives Business Loan to Personal Services Company

Business loans in Arkansas are are few and far betweeen these days. We take a look at one Arkansas business loan, provided by an Arkansas bank, that was approved by the SBA.

Getting a small business loan in Bentonville, Arkansas was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
BENTONVILLE, AR 72712

SBA Loan Lender

ARVEST BANK
201 W WALNUT
ROGERS, AR 72756

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

812990 - Personal Services

Loan Approval Date

4/22/2002

Loan Approval Gross Amount

$37,000

Loan Approval from the SBA

Of the total $37,000 loan amount, the SBA guaranteed $31,450.

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 only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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