SBA Loan from Merchants & Farmers Bank Helps Beer, Wine, And Liquor Stores Company

An SBA loan from Merchants & Farmers Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dumas, Arkansas business owner got a $42,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dumas, Arkansas was able to borrow $42,000 from Merchants & Farmers Bank. The SBA made the loan possible by guaranteeing $35,700 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
DUMAS, AR 71639

SBA Loan Lender

MERCHANTS & FARMERS BANK
500 HWY 65 SOUTH
DUMAS, AR 71639

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

6/23/2006

Loan Approval Gross Amount

$42,000

Loan Approval from the SBA

Of the total $42,000 loan amount, the SBA guaranteed $35,700.

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 did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Business Line of Credit

SBA 7A Banks in Dumas, Arkansas

Find an SBA Lender in Arkansas