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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Berryville, Business Loans > 1st National Bank In Green Forest Berryville Business Loans > Title Abstract And Settlement Offices Loan | ||||
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Arkansas SBA Banks
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Entrepreneur Works With Berryville, Arkansas Bank to Get an SBA LoanA Berryville, Arkansas SBA loan can be yours. Learn how a business got a $743,360 business loan from this Arkansas bank. This loan to an entrepreneur is a good example of an SBA loan. 1st National Bank In Green Forest 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: TITLE ABSTRACT AND SETTLEMENT OFFICES SBA Loan Lender 1ST NATIONAL BANK IN GREEN FOREST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541191 - Title Abstract and Settlement Offices Loan Approval Date 2/13/2001 Loan Approval Gross Amount $743,360 Loan Approval from the SBA Of the total $743,360 loan amount, the SBA guaranteed $557,520. 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 8 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Participating Banks in Berryville, Arkansas
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