Borrowing Money for Florists

Looking for loans for florists? Try the SBA. This $76,200 florists loan was issued by an Arkansas bank.

Getting a small business loan in Dequeen, Arkansas was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Horatio State Bank, operating out of Horatio, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
DEQUEEN, AR 71832

SBA Loan Lender

HORATIO STATE BANK
123 MAIN ST
HORATIO, AR 71842

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5992 - Florists

NAICS Code

453110 - Florists

Loan Approval Date

4/27/2000

Loan Approval Gross Amount

$76,200

Loan Approval from the SBA

Of the total $76,200 loan amount, the SBA guaranteed $60,960.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

How Equity Dilution Works

SBA 7A Banks for Horatio, Arkansas Loans

Arkansas SBA 7A Lenders