Commercial Loans for Fertilizer Manufacturing

With these commercial loans for fertilizer manufacturing, the SBA guarantees the lender that the loan will be repaid. This fertilizer manufacturing loan for $120,000 was given to an Arkansas entrepreneur in 2001.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Arvest Bank, out of Huntsville, Arkansas. The loan was granted and they received $120,000 to help grow their Hindsville, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: FERTILIZER MANUFACTURING
HINDSVILLE, AR 72740

SBA Loan Lender

ARVEST BANK
104 S HUGHES
HUNTSVILLE, AR 72740

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325314 - Fertilizer Manufacturing

Loan Approval Date

12/6/2001

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 only one employee. This SBA loan request did not indicate that the business promised 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?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Hindsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Dealing With Venture Capitalists

Find an SBA Lender in Huntsville, Arkansas

Getting an SBA Loan in Arkansas