Batesville, Arkansas Lender Lends Money to Gasoline Stations With Convenience Stores Company

Find Batesville, Arkansas banks that specialize in SBA loans and know how to work with entrepreneurs. The Citizens Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Newark, Arkansas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from The Citizens Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
NEWARK, AR 72652

SBA Loan Lender

THE CITIZENS BANK
3RD & COLLEGE ST
BATESVILLE, AR 72503

This lender issued this bank loan under the SBA 7A lending 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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

6/30/2006

Loan Approval Gross Amount

$711,900

Loan Approval from the SBA

Of the total $711,900 loan amount, the SBA guaranteed $533,925.

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 4 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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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