How to Get a Loan for Vending Machine Operators

With these business loans for vending machine operators, the SBA guarantees the lender that the loan will be repaid. This vending machine operators loan for $68,320 was given to an Arkansas entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Hot Springs (hot Springs Natio, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Hot Springs Bank & Trust, based in Hot Springs National, Arkansas.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
HOT SPRINGS (HOT SPRINGS NATIO, AR 71968

SBA Loan Lender

HOT SPRINGS BANK & TRUST
4403 CENTRAL AVE, STE A
HOT SPRINGS NATIONAL, AR 71913

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$68,320

Loan Approval from the SBA

Of the total $68,320 loan amount, the SBA guaranteed $34,160.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hot Springs Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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