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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Fayetteville, Business Loans > First Security Bank Fayetteville Business Loans > Amusement And Recreation Industries Loan | ||||
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SBA Lender Fayetteville
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Fayetteville, Arkansas Bank Gives SBA Loan to Amusement And Recreation Industries CompanyThinking about meeting with a Fayetteville, Arkansas bank about an SBA loan? Here's one Arkansas business loan, issued by a Fayetteville bank, that was approved by the SBA. Applying for an SBA loan with First Security Bank worked out well for our friends at one local firm in Farmington, Arkansas. They got an SBA loan for $71,900. Great job! SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION INDUSTRIES SBA Loan Lender FIRST SECURITY BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713990 - Amusement and Recreation Industries Loan Approval Date 1/8/2002 Loan Approval Gross Amount $71,900 Loan Approval from the SBA Of the total $71,900 loan amount, the SBA guaranteed $61,115. 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 4 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Security Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Banks in Fayetteville, Arkansas
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