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November 15, 2024  
 
 
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Raising Money in Little Rock, Arkansas With SBA Loans

 

 
Loan Census SBA Loan Info

Food Service Contractors Bank Loans

Looking for bank loans for food service contractors? Talk to a banker who works with the SBA. This $115,000 food service contractors loan was issued by an Arkansas bank.

Getting a small business loan in Little Rock, Arkansas was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Metropolitan National Bank, operating out of Little Rock, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD SERVICE CONTRACTORS
LITTLE ROCK, AR 72204

SBA Loan Lender

METROPOLITAN NATIONAL BANK
11525 FINANCIAL CENTRE PKWY
LITTLE ROCK, AR 72211

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722310 - Food Service Contractors

Loan Approval Date

5/29/2001

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

The Art of Bootstrapping

SBA 7A Banks for Little Rock, Arkansas Loans

Arkansas SBA 7A Lenders