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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Retail Bakeries Loan | ||||
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How to Get an SBA Loan in Pine Bluff, Arkansas
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Arkansas Bank Loan Issued to Retail Bakeries CompanyWant an Arkansas bank loan? This Arkansas entrepreneur got a bank loan, provided by a North Carolina bank that works with the SBA to help small business owners. This company, based in Pine Bluff, Arkansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of America. We've got the inside scoop on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 311811 - Retail Bakeries Loan Approval Date 10/16/2001 Loan Approval Gross Amount $48,500 Loan Approval from the SBA Of the total $48,500 loan amount, the SBA guaranteed $24,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $48,500. How would you spend $48,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Bank Loans in Charlotte, North Carolina
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