Small Business Loans for Nursing Care Facilities

Looking for small business loans for nursing care facilities? The SBA may be the answer. This $250,000 nursing care facilities loan was issued by an Arkansas bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Regions Bank, out of West Memphis, Arkansas. The loan was granted and they received $250,000 to help grow their Proctor, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: NURSING CARE FACILITIES
PROCTOR, AR 72326

SBA Loan Lender

REGIONS BANK
231 E BROADWAY
WEST MEMPHIS, AR 72301

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623110 - Nursing Care Facilities

Loan Approval Date

8/2/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Proctor AR, you ought to talk with a local Proctor SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Proctor businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Regions Bank and they will explain how you can get an SBA loan for your company.

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.

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