SBA Loan from Liberty Bank Of Arkansas Helps Plumbing, Heating, And Air-Conditioning Contractors Company

An SBA loan from Liberty Bank Of Arkansas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Paragould, Arkansas business owner got a $126,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Paragould, Arkansas, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Liberty Bank Of Arkansas, based in Jonesboro, Arkansas.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS
PARAGOULD, AR 72450

SBA Loan Lender

LIBERTY BANK OF ARKANSAS
2901 E HIGHLAND DR
JONESBORO, AR 72401

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238220 - Plumbing, Heating, and Air-Conditioning Contractors

Loan Approval Date

9/13/2007

Loan Approval Gross Amount

$126,000

Loan Approval from the SBA

Of the total $126,000 loan amount, the SBA guaranteed $107,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Liberty Bank Of Arkansas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Liberty Bank Of Arkansas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

How to Raise Money

SBA Participating Banks in Jonesboro, Arkansas

Getting an SBA Loan in Arkansas