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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Fayetteville, Business Loans > Anb Finan Fayetteville Business Loans > Lawyers Loan | ||||
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How to Get SBA Loans in Fayetteville, Arkansas
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Where to Get Capital for LawyersLooking for SBA loans for lawyers? An SBA loan may be just what you've been looking for. This $150,000 lawyers loan was issued by an Arkansas bank. Getting a small business loan in Fayetteville, Arkansas was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Anb Finan, operating out of Fayetteville, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender ANB FINAN This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541110 - Lawyers Loan Approval Date 5/8/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Raising VC Money for Social Networking Companies Best Fayetteville, Arkansas Banks for Small Business
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