Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

Liberty Bank Of Arkansas

 

 
Loan Census SBA Loan Info

Business Loan from Liberty Bank Of Arkansas Given to Mail-Order Houses Company

Liberty Bank Of Arkansas has a track record as a leading provider of SBA loans. Find out how this Arkansas entrepreneur received an SBA loan from them.

This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Liberty Bank Of Arkansas, out of Jonesboro, Arkansas. The loan was granted and they received $60,000 to help grow their Jonesboro, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: MAIL-ORDER HOUSES
JONESBORO, AR 72401

SBA Loan Lender

LIBERTY BANK OF ARKANSAS
2901 E HIGHLAND DR
JONESBORO, AR 72401

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454113 - Mail-Order Houses

Loan Approval Date

7/27/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Jonesboro AR, you ought to talk with a local Jonesboro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Jonesboro businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Liberty Bank Of Arkansas 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.

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