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December 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Hot Springs, Business Loans > Summit Bank Hot Springs Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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Hot Springs, Arkansas Bank Loan
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Hobby, Toy, and Game Stores LoansLooking for loans for hobby, toy, and game stores? An SBA loan may be just what you've been looking for. This $61,000 hobby, toy, and game stores loan was issued by an Arkansas bank. This company knew how to go about getting a business bank loan. Based in Hot Springs, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Summit Bank, based in Hot Springs, Arkansas. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender SUMMIT BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 5/8/2002 Loan Approval Gross Amount $61,000 Loan Approval from the SBA Of the total $61,000 loan amount, the SBA guaranteed $51,850. More Information on This SBA Loan The borrower borrowed this money for a new 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 did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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: SBA Banks in Hot Springs, Arkansas
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