Business Loans for Business Service Centers

With these business loans for business service centers, the SBA guarantees the lender that the loan will be repaid. This business service centers loan for $211,000 was given to an Arkansas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Paragould, Arkansas was able to borrow $211,000 from Community So. Bank D.B.A Commun. The SBA made the loan possible by guaranteeing $158,250 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICE CENTERS
Paragould, AR 72450

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561439 - Business Service Centers

Loan Approval Date

7/23/2007

Loan Approval Gross Amount

$211,000

Loan Approval from the SBA

Of the total $211,000 loan amount, the SBA guaranteed $158,250.

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 3 employees. The loan application indicated that the borrowed money would help generate 3 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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