Liberty Bank Of Arkansas SBA Loan to Retail Stores Company

An SBA loan from Liberty Bank Of Arkansas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jonesboro, Arkansas business owner got a $60,775 loan.

Getting a small business loan in Jonesboro, Arkansas was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Liberty Bank Of Arkansas, operating out of Jonesboro, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
JONESBORO, AR 72401

SBA Loan Lender

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

This SBA 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.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

7/15/2003

Loan Approval Gross Amount

$60,775

Loan Approval from the SBA

Of the total $60,775 loan amount, the SBA guaranteed $51,659.

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 3 employees. The loan application did not indicate that the company 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?

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Liberty Bank Of Arkansas and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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