Where to Get Capital for Fluid Power Cylinder and Actuator Manufacturing

Looking for small business loans for fluid power cylinder and actuator manufacturing? An SBA loan may be just what you've been looking for. This $1,942,574 fluid power cylinder and actuator manufacturing loan was issued by an Arkansas bank.

This small firm received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Arkansas Capital Corporation, out of Little Rock, Arkansas. The loan was granted and they received $1,942,574 to help grow their Jonesboro, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: FLUID POWER CYLINDER AND ACTUATOR MANUFACTURING
JONESBORO, AR 07240

SBA Loan Lender

ARKANSAS CAPITAL CORPORATION
200 S. COMMERCE ST., SUITE 40
LITTLE ROCK, AR 72201

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333995 - Fluid Power Cylinder and Actuator Manufacturing

Loan Approval Date

1/28/2008

Loan Approval Gross Amount

$1,942,574

Loan Approval from the SBA

Of the total $1,942,574 loan amount, the SBA guaranteed $1,456,930.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels 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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Arkansas Capital Corporation so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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