Financing for Janitorial Services

Looking for commercial loans for janitorial services? Talk to a banker who works with the SBA. This $24,800 janitorial services loan was issued by an Arkansas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mountain Home, Arkansas was able to borrow $24,800 from Community 1st National Bank - W. Pla. The SBA made the loan possible by guaranteeing $21,080 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
MOUNTAIN HOME, AR 72653

SBA Loan Lender

COMMUNITY 1ST NATIONAL BANK - W. PLA
310 HWY 62 EAST
MOUNTAIN HOME, AR 72653

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

12/7/2006

Loan Approval Gross Amount

$24,800

Loan Approval from the SBA

Of the total $24,800 loan amount, the SBA guaranteed $21,080.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Community 1st National Bank - W. Pla so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - Friends and Family

SBA 7A Banks for Mountain Home, Arkansas Loans

Getting an SBA Loan in Arkansas