Business Loan from First Security Bank Given to Optical Goods Stores Company

An SBA loan from First Security Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fayetteville, Arkansas business owner got a $50,300 loan.

Getting a small business loan in Fayetteville, Arkansas was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Security Bank, operating out of Fayetteville, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTICAL GOODS STORES
FAYETTEVILLE, AR 72703

SBA Loan Lender

FIRST SECURITY BANK
1219 E JOYCE BLVD
FAYETTEVILLE, AR 72701

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.

SIC Code

5995 - Optical Goods Stores

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

2/16/2000

Loan Approval Gross Amount

$50,300

Loan Approval from the SBA

Of the total $50,300 loan amount, the SBA guaranteed $40,240.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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.

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