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December 22, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Ash Flat, Business Loans > First National Banking Company Ash Flat Business Loans > Musical Instrument And Supplies Stores Loan | ||||
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First National Banking Company SBA 7A Loans
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Musical Instrument and Supplies Stores Commercial LoansLooking for commercial loans for musical instrument and supplies stores? The SBA may be the answer. This $207,000 musical instrument and supplies stores loan was issued by an Arkansas bank. This business knew how to go about getting a business bank loan. Based in Melbourne, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First National Banking Company, based in Ash Flat, Arkansas. SBA Loan Borrower COMPANY TYPE: MUSICAL INSTRUMENT AND SUPPLIES STORES SBA Loan Lender FIRST NATIONAL BANKING COMPANY This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 451140 - Musical Instrument and Supplies Stores Loan Approval Date 3/17/2005 Loan Approval Gross Amount $207,000 Loan Approval from the SBA Of the total $207,000 loan amount, the SBA guaranteed $103,500. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $207,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Lenders in Ash Flat, Arkansas
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