Cabot, Arkansas Business Gets SBA-Guaranteed Funding from First Arkansas Bank And Trust

An SBA loan from First Arkansas Bank And Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cabot, Arkansas business owner got a $100,000 loan.

Getting a small business loan in Cabot, Arkansas was an essential business goal for this firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First Arkansas Bank And Trust, operating out of Jacksonville, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: HEALTH AND PERSONAL CARE STORES
CABOT, AR 72023

SBA Loan Lender

FIRST ARKANSAS BANK AND TRUST
600 W MAIN ST
JACKSONVILLE, AR 72076

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446199 - Health and Personal Care Stores

Loan Approval Date

1/23/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Arkansas Bank And Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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