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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Eureka Springs, Business Loans > Bank Of Eureka Springs Eureka Springs Business Loans > Eating Places Loan | ||||
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AR Business Loan from Bank Of Eureka Springs
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Eureka Springs, Arkansas Business Gets SBA-Guaranteed Funding from Bank Of Eureka SpringsAn SBA loan from Bank Of Eureka Springs typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Eureka Springs, Arkansas business owner got a $180,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of Eureka Springs, out of Eureka Springs, Arkansas. The loan was granted and they received $180,000 to help grow their Eureka Springs, Arkansas business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BANK OF EUREKA SPRINGS 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 debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 1/14/2000 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $135,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Eureka Springs AR, you ought to talk with a local Eureka Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eureka Springs businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of Eureka Springs are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: SBA Approved Banks in Eureka Springs, Arkansas Getting a Business Loan in Arkansas
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