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November 23, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Blytheville, Business Loans > 1st National Bank In Blytheville Blytheville Business Loans > Rolled Steel Shape Manufacturing Loan | ||||
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1st National Bank In Blytheville Blytheville
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Business Loan from 1st National Bank In Blytheville Given to Rolled Steel Shape Manufacturing CompanyAn SBA loan from 1st National Bank In Blytheville typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Blytheville, Arkansas business owner got a $130,000 loan. Getting a small business loan in Blytheville, Arkansas was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank In Blytheville, operating out of Blytheville, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: ROLLED STEEL SHAPE MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK IN BLYTHEVILLE This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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 331221 - Rolled Steel Shape Manufacturing Loan Approval Date 11/1/2005 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. 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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st National Bank In Blytheville had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st National Bank In Blytheville 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 Best Banks for Small Business in Blytheville, Arkansas Getting an SBA Loan in Arkansas
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