Arkansas SBA Loan Issued to General Automotive Repair Company

SBA loans in Arkansas are hard to find these days. We take a look at one Arkansas SBA loan, provided by an Arkansas bank, that was approved by the SBA.

Getting a small business loan in Fort Smith, Arkansas was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Simmons First National Bank. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
FORT SMITH, AR 72908

SBA Loan Lender

SIMMONS FIRST NATIONAL BANK
501 MAIN ST
PINE BLUFF, AR 71601

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

811111 - General Automotive Repair

Loan Approval Date

8/13/2007

Loan Approval Gross Amount

$113,700

Loan Approval from the SBA

Of the total $113,700 loan amount, the SBA guaranteed $56,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Simmons First National Bank 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:

Obtaining Funding - Friends and Family

SBA Participating Banks in Pine Bluff, Arkansas

Arkansas SBA Bank Lenders