Simmons 1st Bank - Jonesboro SBA Loan to Vending Machine Operators Company

An SBA loan from Simmons 1st Bank - Jonesboro typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jonesboro, Arkansas business owner got a $202,000 loan.

This business knew how to go about getting a business bank loan. Based in Jonesboro, Arkansas, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Simmons 1st Bank - Jonesboro, based in Jonesboro, Arkansas.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
JONESBORO, AR 72404

SBA Loan Lender

SIMMONS 1ST BANK - JONESBORO
1720 S CARAWAY RD
JONESBORO, AR 72401

This bank 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

454210 - Vending Machine Operators

Loan Approval Date

5/6/2004

Loan Approval Gross Amount

$202,000

Loan Approval from the SBA

Of the total $202,000 loan amount, the SBA guaranteed $151,500.

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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees 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.

This SBA loan was for $202,000. How would you spend $202,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Incubators

Where to Get an SBA Loan in Jonesboro, Arkansas

Arkansas SBA Banks