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December 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > One Bank & Trust Little Rock Business Loans > New Car Dealers Loan | ||||
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Banks for Brinkley, Arkansas Small Businesses
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Financing for New Car DealersLooking for loans for new car dealers? Talk to a banker who works with the SBA. This $1,776,700 new car dealers loan was issued by an Arkansas bank. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with One Bank & Trust, out of Little Rock, Arkansas. The loan was granted and they received $1,776,700 to help grow their Brinkley, Arkansas business. SBA Loan Borrower COMPANY TYPE: NEW CAR DEALERS SBA Loan Lender ONE BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441110 - New Car Dealers Loan Approval Date 1/19/2006 Loan Approval Gross Amount $1,776,700 Loan Approval from the SBA Of the total $1,776,700 loan amount, the SBA guaranteed $1,332,525. 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 15 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. Related Links: Obtaining Funding - How to Borrow Money Small Bank Loans in Little Rock, Arkansas
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