Flippin, Arkansas Entrepreneur Gets a Bank Loan

Would an Arkansas bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Arkansas bank, which offers SBA loans to Arkansas entrepreneurs.

Getting a small business loan in Flippin, Arkansas was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: LUGGAGE AND LEATHER GOODS STORES
FLIPPIN, AR 72634

SBA Loan Lender

ARVEST BANK
75 N EAST AVE
FAYETTEVILLE, AR 72701

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448320 - Luggage and Leather Goods Stores

Loan Approval Date

10/15/2004

Loan Approval Gross Amount

$26,400

Loan Approval from the SBA

Of the total $26,400 loan amount, the SBA guaranteed $13,200.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Arvest Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Small Business Banks in Fayetteville, Arkansas

SBA Arkansas Banks