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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Jacksonville, Business Loans > Community Bank Jacksonville Business Loans > Book Stores Loan | ||||
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Community Bank Small Business Loan
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Borrowing Money for Book StoresLooking for bank loans for book stores? Talk to a banker who works with the SBA. This $64,000 book stores loan was issued by an Arkansas bank. This small firm knew how to go about getting a business bank loan. Based in Cabot, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community Bank, based in Jacksonville, Arkansas. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451211 - Book Stores Loan Approval Date 4/19/2007 Loan Approval Gross Amount $64,000 Loan Approval from the SBA Of the total $64,000 loan amount, the SBA guaranteed $54,400. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Good Banks for Small Business in Jacksonville, Arkansas
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