Petit Jean State Bank SBA Loan to Eating Places Company

Looking to get an Arkansas small business loan? Here's one Arkansas business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Morrilton, Arkansas, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Petit Jean State Bank, based in Morrilton, Arkansas.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MORRILTON, AR 72110

SBA Loan Lender

PETIT JEAN STATE BANK
707 N ST. JOSEPH ST
MORRILTON, AR 72110

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/25/2000

Loan Approval Gross Amount

$37,500

Loan Approval from the SBA

Of the total $37,500 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower 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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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