Little Rock, Arkansas Lender Lends Money to Prefabricated Metal Building And Component Manufacturing Company

Want to talk with a Little Rock, Arkansas bank about a business loan? Here's one Arkansas business loan, issued by a Little Rock bank, that was approved by the SBA.

Applying for an SBA loan with Arkansas Capital Corporation worked out well for our friends at one local firm in Gravette, Arkansas. They received an SBA loan for $233,400. Great job!

SBA Loan Borrower

COMPANY TYPE: PREFABRICATED METAL BUILDING AND COMPONENT MANUFACTURING
GRAVETTE, AR 72736

SBA Loan Lender

ARKANSAS CAPITAL CORPORATION
200 S. COMMERCE ST., SUITE 40
LITTLE ROCK, AR 72201

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332311 - Prefabricated Metal Building and Component Manufacturing

Loan Approval Date

6/19/2001

Loan Approval Gross Amount

$233,400

Loan Approval from the SBA

Of the total $233,400 loan amount, the SBA guaranteed $116,700.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Business Line of Credit

Small Business Banks in Little Rock, Arkansas

Arkansas SBA 7A Lenders