Arvest Bank SBA Loan to Tires And Tubes Company

Want 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 Harrison, Arkansas was able to borrow $150,000 from Arvest Bank. The SBA made the loan possible by guaranteeing $112,500 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRES AND TUBES
HARRISON, AR 72601

SBA Loan Lender

ARVEST BANK
401 W TRIMBLE
BERRYVILLE, AR 72616

This lender issued this particular 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.

SIC Code

5014 - Tires and Tubes

Loan Approval Date

9/19/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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