Entrepreneur Works With Little Rock, Arkansas Bank to Get an SBA Loan

Thinking about meeting with a Little Rock, Arkansas bank about a small business loan? Here's one Arkansas business loan, issued by a Little Rock bank, that was approved by the SBA.

Applying for an SBA loan with Metropolitan National Bank worked out well for our friends at one local business in Little Rock, Arkansas. They got an SBA loan for $358,100. Awesome!

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
LITTLE ROCK, AR 72223

SBA Loan Lender

METROPOLITAN NATIONAL BANK
425 W CAPITOL AVE
LITTLE ROCK, AR 72201

This business 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

722110 - Full-Service Restaurants

Loan Approval Date

4/28/2005

Loan Approval Gross Amount

$358,100

Loan Approval from the SBA

Of the total $358,100 loan amount, the SBA guaranteed $268,575.

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 SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Little Rock AR, you ought to talk with a local Little Rock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Little Rock businesses.

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:

Dealing With Venture Capitalists

Where to Get an SBA Loan in Little Rock, Arkansas

Arkansas SBA Bank Lenders