Regions Bank SBA Loan to Home Health Care Services Company
Regions Bank has a track record as a leading provider of SBA loans. Find out how this Arkansas entrepreneur received an SBA loan from them.
This growing company knew how to go about getting a business bank loan. Based in Blytheville, Arkansas, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Regions Bank, based in Jonesboro, Arkansas.
SBA Loan Borrower
COMPANY TYPE: HOME HEALTH CARE SERVICES
BLYTHEVILLE, AR 72316
SBA Loan Lender
REGIONS BANK
2400 E HIGHLAND DR
JONESBORO, AR 72401
This 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
621610 - Home Health Care Services
Loan Approval Date
6/10/2005
Loan Approval Gross Amount
$1,181,000
Loan Approval from the SBA
Of the total $1,181,000 loan amount, the SBA guaranteed $885,750.
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 18 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a business in Blytheville AR, you ought to talk with a local Blytheville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Blytheville businesses.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Business Incubators
Small Bank Loans in Jonesboro, Arkansas
Arkansas SBA Bank Lenders