Heritage Bank SBA Loan to Grocery Stores Company

Looking to get an Arkansas small business loan? Here's one Arkansas business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hardy, Arkansas was able to borrow $984,400 from Heritage Bank. The SBA made the loan possible by guaranteeing $738,300 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
HARDY, AR 72438

SBA Loan Lender

HERITAGE BANK
2009 BROWNS LN
JONESBORO, AR 72401

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

1/11/2000

Loan Approval Gross Amount

$984,400

Loan Approval from the SBA

Of the total $984,400 loan amount, the SBA guaranteed $738,300.

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

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Hardy AR, you ought to talk with a local Hardy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hardy businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Heritage Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Alternative Financing

Best Banks in Jonesboro, Arkansas

Getting an SBA Loan in Arkansas