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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Russellville, Business Loans > Simmons 1st Bank - Russellville Russellville Business Loans > Sawmills Loan | ||||
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Plainview, Arkansas Bank for SBA Loans
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Sawmills SBA LoansLooking for SBA loans for sawmills? Talk to a banker who works with the SBA. This $1,037,250 sawmills loan was issued by an Arkansas bank. This business knew how to go about getting a business bank loan. Based in Plainview, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Simmons 1st Bank - Russellville, based in Russellville, Arkansas. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender SIMMONS 1ST BANK - RUSSELLVILLE This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 7/3/2002 Loan Approval Gross Amount $1,037,250 Loan Approval from the SBA Of the total $1,037,250 loan amount, the SBA guaranteed $777,938. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 61 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,037,250 loan. Remember, fight for what you want, and it will be yours! 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: Raising VC Money for Social Networking Companies SBA 7A Lenders in Russellville, Arkansas
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