Getting an SBA Loan for Book Publishers

With these SBA loans for book publishers, the SBA guarantees the lender that the loan will be repaid. This book publishers loan for $70,000 was given to an Arkansas entrepreneur in 2004.

Getting a small business loan in Hot Springs Village, Arkansas was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Simmons 1st Bank - Hot Springs, operating out of Hot Springs National, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK PUBLISHERS
HOT SPRINGS VILLAGE, AR 71909

SBA Loan Lender

SIMMONS 1ST BANK - HOT SPRINGS
100 WERNER ST
HOT SPRINGS NATIONAL, AR 71913

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511130 - Book Publishers

Loan Approval Date

9/24/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $70,000 loan. Remember, feel the fear, and do it anyway.

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:

Alternative Financing

Small Bank Loans in Hot Springs National, Arkansas

SBA Lenders in Arkansas