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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Green Forest, Business Loans > 1st National Bank In Green Forest Green Forest Business Loans > Machine Shops Loan | ||||
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Examples of Harrison SBA Loans
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How to Get a Loan for Machine ShopsLooking for commercial loans for machine shops? An SBA loan may be just what you've been looking for. This $35,000 machine shops loan was issued by an Arkansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Harrison, Arkansas was able to borrow $35,000 from 1st National Bank In Green Forest. The SBA made the loan possible by guaranteeing $29,750 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender 1ST NATIONAL BANK IN GREEN FOREST This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 3/19/2004 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from 1st National Bank In Green Forest 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: SBA 7A Banks in Green Forest, Arkansas
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