Little Rock, Arkansas Bank Lends Money to Personal And Household Goods Repair And Maintenance Company in Greers Ferry, Arkansas

A Little Rock, Arkansas business loan can be yours. Learn how a business got a $279,000 business loan from this Arkansas bank.

This loan to a local firm is a good example of an SBA loan. Arkansas Capital Corporation made the loan and the SBA guaranteed a portion of the loan. Many other Arkansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: PERSONAL AND HOUSEHOLD GOODS REPAIR AND MAINTENANCE
GREERS FERRY, AR 72067

SBA Loan Lender

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

This bank 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.

NAICS Code

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

3/11/2005

Loan Approval Gross Amount

$279,000

Loan Approval from the SBA

Of the total $279,000 loan amount, the SBA guaranteed $209,250.

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 6 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Greers Ferry AR, you ought to talk with a local Greers Ferry SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greers Ferry businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Arkansas Capital Corporation 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.

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