Dental Laboratories Commercial Loans
With these commercial loans for dental laboratories, the SBA guarantees the lender that the loan will be repaid. This dental laboratories loan for $141,500 was given to a Missouri entrepreneur in 2004.
Getting a small business loan in Joplin, Missouri was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank, operating out of Fayetteville, Arkansas. Here are the details on this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: DENTAL LABORATORIES
JOPLIN, MO 64804
SBA Loan Lender
ARVEST BANK
75 N EAST AVE
FAYETTEVILLE, AR 72701
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8072 - Dental Laboratories
NAICS Code
339116 - Dental Laboratories
Loan Approval Date
7/21/2004
Loan Approval Gross Amount
$141,500
Loan Approval from the SBA
Of the total $141,500 loan amount, the SBA guaranteed $120,275.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Arvest Bank and they will explain how you can get an SBA loan for your company.
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:
Getting a Small Business Loan
Best Banks in Fayetteville, Arkansas
Getting an SBA Loan in Arkansas