Small Business Loans for Specialty Trade Contractors
Looking for small business loans for specialty trade contractors? The SBA may be the answer. This $80,100 specialty trade contractors loan was issued by an Arkansas bank.
This small firm knew how to go about getting a business bank loan. Based in North Little Rock, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Metropolitan National Bank, based in Little Rock, Arkansas.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
NORTH LITTLE ROCK, AR 72114
SBA Loan Lender
METROPOLITAN NATIONAL BANK
425 W CAPITOL AVE
LITTLE ROCK, AR 72201
This lender processed this SBA bank 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
238990 - Specialty Trade Contractors
Loan Approval Date
11/3/2005
Loan Approval Gross Amount
$80,100
Loan Approval from the SBA
Of the total $80,100 loan amount, the SBA guaranteed $40,050.
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 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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.
Related Links:
Business Credit Evaluation
Who Lends Money to Small Businesses in Little Rock, Arkansas
Arkansas SBA Bank Lenders