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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Mountain Home, Business Loans > Liberty Bank Of Arkansas Mountain Home Business Loans > Musical Instrument And Supplies Stores Loan | ||||
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Liberty Bank Of Arkansas
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SBA Loan from Liberty Bank Of Arkansas Helps Musical Instrument And Supplies Stores CompanyLiberty Bank Of Arkansas and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arkansas entrepreneur was able to get a loan to take a small business to the next level. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Liberty Bank Of Arkansas, out of Mountain Home, Arkansas. The loan was granted and they received $72,100 to help grow their Highland, Arkansas business. SBA Loan Borrower COMPANY TYPE: MUSICAL INSTRUMENT AND SUPPLIES STORES SBA Loan Lender LIBERTY BANK OF ARKANSAS This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451140 - Musical Instrument and Supplies Stores Loan Approval Date 7/19/2006 Loan Approval Gross Amount $72,100 Loan Approval from the SBA Of the total $72,100 loan amount, the SBA guaranteed $61,285. 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 2 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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. Related Links: Best Mountain Home, Arkansas Banks for Small Business
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