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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Conway, Business Loans > First State Bank Conway Business Loans > Tobacco Stores Loan | ||||
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Conway Bank Loan
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Conway, Arkansas Lender Lends Money to Tobacco Stores CompanyThinking about meeting with a Conway, Arkansas bank about a small business loan? Here's one Arkansas business loan, issued by a Conway bank, that was approved by the SBA. Applying for an SBA loan with First State Bank worked out well for our friends at one local firm in Mayflower, Arkansas. They got an SBA loan for $22,000. Way to go! SBA Loan Borrower COMPANY TYPE: TOBACCO STORES SBA Loan Lender FIRST STATE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453991 - Tobacco Stores Loan Approval Date 12/20/2001 Loan Approval Gross Amount $22,000 Loan Approval from the SBA Of the total $22,000 loan amount, the SBA guaranteed $18,700. 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 SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: SBA 7A Banks in Conway, Arkansas
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