Huntsville, Arkansas Business Gets SBA-Guaranteed Funding from Arvest Bank

An SBA loan from Arvest Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Huntsville, Arkansas business owner got a $313,500 loan.

Getting a small business loan in Huntsville, Arkansas was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank, operating out of Huntsville, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
HUNTSVILLE, AR 72740

SBA Loan Lender

ARVEST BANK
104 S HUGHES
HUNTSVILLE, AR 72740

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

1/26/2007

Loan Approval Gross Amount

$313,500

Loan Approval from the SBA

Of the total $313,500 loan amount, the SBA guaranteed $235,125.

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 SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Arvest Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Attracting Investors

SBA Participating Banks in Huntsville, Arkansas

Getting an SBA Loan in Arkansas