Wheatley, Arkansas Bank Lends Money to Meat Markets Company in Brinkley, Arkansas

Get to know Wheatley, Arkansas banks that specialize in SBA loans and know how to work with entrepreneurs. First National Bank - Eastern Arkans is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Brinkley, Arkansas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from First National Bank - Eastern Arkans. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: MEAT MARKETS
BRINKLEY, AR 72021

SBA Loan Lender

FIRST NATIONAL BANK - EASTERN ARKANS
2ND ST & HWY 78
WHEATLEY, AR 72392

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445210 - Meat Markets

Loan Approval Date

10/25/2001

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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