Mountain 1st Bank & Trust Gives Business Loan to Veterinary Services Company

Want an Arkansas bank loan? This Arkansas entrepreneur got a bank loan, provided by a North Carolina bank that works with the SBA to help small business owners.

Getting a small business loan in Heber Springs, Arkansas was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Mountain 1st Bank & Trust. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
HEBER SPRINGS, AR 72131

SBA Loan Lender

MOUNTAIN 1ST BANK & TRUST
101 JACK ST
HENDERSONVILLE, NC 28792

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

8/15/2007

Loan Approval Gross Amount

$625,000

Loan Approval from the SBA

Of the total $625,000 loan amount, the SBA guaranteed $468,750.

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 7 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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