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December 22, 2024  
 
 
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Getting an SBA Loan in Bentonville, Arkansas

 

 
Loan Census SBA Loan Info

Onb Bank And Trust Company Gives Bank Loan to Physicians Company

ArkansasSmall business loans are available to Arkansas small business owners through the SBA. In this case, an Oklahoma bank provides the loan.

You can learn something about getting a small business loan in Bentonville, Arkansas by studying this loan to a local company, made back in 2005. Banks like Onb Bank And Trust Company may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
BENTONVILLE, AR 72716

SBA Loan Lender

ONB BANK AND TRUST COMPANY
2424 E 21ST ST, STE 100
TULSA, OK 74114

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

5/13/2005

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business 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 Onb Bank And Trust Company 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:

Financing Your Business

SBA Participating Banks in Tulsa, Oklahoma

Find an SBA Lender in Oklahoma