SBA Loan from First Security Bank Helps Used Household And Office Goods Moving Company

An SBA loan from First Security Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bryant, Arkansas business owner got a $118,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Security Bank, out of Searcy, Arkansas. The loan was granted and they received $118,000 to help grow their Bryant, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: USED HOUSEHOLD AND OFFICE GOODS MOVING
BRYANT, AR 72022

SBA Loan Lender

FIRST SECURITY BANK
314 N SPRING
SEARCY, AR 72143

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484210 - Used Household and Office Goods Moving

Loan Approval Date

2/28/2006

Loan Approval Gross Amount

$118,000

Loan Approval from the SBA

Of the total $118,000 loan amount, the SBA guaranteed $100,300.

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 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 First Security Bank 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:

Role of Business Plan When Raising Money

SBA 7A Banks in Searcy, Arkansas

Find an SBA Lender in Arkansas