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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Eureka Springs, Business Loans > Arvest Bank Eureka Springs Business Loans > Hotels And Motels Loan | ||||
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Arkansas Bank SBA Loans
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Arvest Bank SBA Loan to Hotels And Motels CompanyWant an Arkansas small business loan? Here's one Arkansas business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Holiday Island, Arkansas, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Arvest Bank, based in Eureka Springs, Arkansas. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender ARVEST BANK This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. SIC Code 7011 - Hotels and Motels Loan Approval Date 3/29/2000 Loan Approval Gross Amount $152,000 Loan Approval from the SBA Of the total $152,000 loan amount, the SBA guaranteed $114,000. 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: The Friends and Family Network SBA 7A Banks in Eureka Springs, Arkansas
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