Arkansas Business Loan Issued to Dentists Company
Looking to get an Arkansas small business loan? This Arkansas entrepreneur got a small business loan, provided by an Arkansas bank that works with the SBA to help small business owners.
Getting a small business loan in Conway, Arkansas was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First State Bank. Here are the details on this Arkansas small business loan.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
CONWAY, AR 72034
SBA Loan Lender
FIRST STATE BANK
620 CHESTNUT ST
CONWAY, AR 72032
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
621210 - Dentists
Loan Approval Date
4/4/2005
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 only one employee. The loan application indicated that the funding would help generate 4 new jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First State 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:
The Friends and Family Network
Find an SBA Lender in Conway, Arkansas
SBA Participating Banks in Arkansas