Arkansas Bank Loan Issued to Wood Office Furniture Manufacturing Company
ArkansasBusiness loans are available to Arkansas business owners through the SBA. In this case, an Arkansas bank provides the loan.
You can learn something about getting a small business loan in Ratcliff, Arkansas by studying this loan to a local business, made back in 2001. Banks like Arkansas Capital Corporation may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: WOOD OFFICE FURNITURE MANUFACTURING
RATCLIFF, AR 72951
SBA Loan Lender
ARKANSAS CAPITAL CORPORATION
200 S. COMMERCE ST., SUITE 40
LITTLE ROCK, AR 72201
This bank 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
337211 - Wood Office Furniture Manufacturing
Loan Approval Date
1/22/2001
Loan Approval Gross Amount
$212,475
Loan Approval from the SBA
Of the total $212,475 loan amount, the SBA guaranteed $159,356.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 20 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
The Art of Bootstrapping
SBA 7A Banks for Little Rock, Arkansas Loans
Getting a Business Loan in Arkansas