Little Rock, Arkansas Bank Lends Money to Asphalt Paving Mixtures And Blocks Company in Pocahontas, Arkansas

Thinking about meeting with a Little Rock, Arkansas bank about a business loan? Here's one Arkansas business loan, issued by a Little Rock bank, that was approved by the SBA.

Applying for an SBA loan with Arkansas Capital Corporation worked out well for our friends at one local business in Pocahontas, Arkansas. They received an SBA loan for $1,063,500. Awesome!

SBA Loan Borrower

COMPANY TYPE: ASPHALT PAVING MIXTURES AND BLOCKS
POCAHONTAS, AR 72455

SBA Loan Lender

ARKANSAS CAPITAL CORPORATION
200 S. COMMERCE ST., SUITE 40
LITTLE ROCK, AR 72201

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 dates back to 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.

SIC Code

2951 - Asphalt Paving Mixtures and Blocks

NAICS Code

324121 - Asphalt Paving Mixture and Block Manufacturing

Loan Approval Date

9/19/2000

Loan Approval Gross Amount

$1,063,500

Loan Approval from the SBA

Of the total $1,063,500 loan amount, the SBA guaranteed $794,434.

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 50 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

A Company That Helps Entrepreneurs

Best Banks in Little Rock, Arkansas

Where to Get an SBA Loan Arkansas