Business Loans for Home Centers

With these business loans for home centers, the SBA guarantees the lender that the loan will be repaid. This home centers loan for $340,000 was given to an Arkansas entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Dumas, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Simmons 1st Bank - So. Arkansas, based in Dumas, Arkansas.

SBA Loan Borrower

COMPANY TYPE: HOME CENTERS
DUMAS, AR 71639

SBA Loan Lender

SIMMONS 1ST BANK - SO. ARKANSAS
HWY 65 SOUTH
DUMAS, AR 71639

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444110 - Home Centers

Loan Approval Date

1/25/2002

Loan Approval Gross Amount

$340,000

Loan Approval from the SBA

Of the total $340,000 loan amount, the SBA guaranteed $255,000.

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 3 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Simmons 1st Bank - So. Arkansas 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:

Financing Your Business

Find an SBA Lender in Dumas, Arkansas

Getting a Business Loan in Arkansas