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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Atlanta, Business Loans > Regions Bank Atlanta Business Loans > Tire And Tube Wholesalers Loan | ||||
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Arkansas Small Business Funding
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How to Get a Loan for Tire and Tube WholesalersWith these SBA loans for tire and tube wholesalers, the SBA guarantees the lender that the loan will be repaid. This tire and tube wholesalers loan for $746,753 was given to an Arkansas entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Harrison, Arkansas was able to borrow $746,753 from Regions Bank. The SBA made the loan possible by guaranteeing $560,065 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: TIRE AND TUBE WHOLESALERS SBA Loan Lender REGIONS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421130 - Tire and Tube Wholesalers Loan Approval Date 10/24/2001 Loan Approval Gross Amount $746,753 Loan Approval from the SBA Of the total $746,753 loan amount, the SBA guaranteed $560,065. 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 9 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $746,753 loan. Remember, things become real when you believe you can achieve them! 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: Best Banks in Atlanta, Georgia
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