Financing for Boat Building

With these commercial loans for boat building, the SBA guarantees the lender that the loan will be repaid. This boat building loan for $204,665 was given to an Arkansas entrepreneur in 2007.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Simmons 1st Bank - Russellville, out of Russellville, Arkansas. The loan was granted and they received $204,665 to help grow their Knoxville, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: BOAT BUILDING
KNOXVILLE, AR 72845

SBA Loan Lender

SIMMONS 1ST BANK - RUSSELLVILLE
800 N ARKANSAS
RUSSELLVILLE, AR 72801

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

336612 - Boat Building

Loan Approval Date

10/18/2007

Loan Approval Gross Amount

$204,665

Loan Approval from the SBA

Of the total $204,665 loan amount, the SBA guaranteed $102,332.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 38 employees. The SBA loan application for the borrower indicated that the loan would help retain 38 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $204,665 loan. Remember, you control your own destiny.

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:

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