Searcy, Arkansas Bank Gives SBA Loan to Carpet And Upholstery Cleaning Services Company

Get to know Searcy, Arkansas banks that specialize in SBA loans and know how to work with entrepreneurs. First Security Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Rogers, Arkansas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from First Security Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CARPET AND UPHOLSTERY CLEANING SERVICES
ROGERS, AR 72757

SBA Loan Lender

FIRST SECURITY BANK
314 N SPRING
SEARCY, AR 72143

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

8/13/2004

Loan Approval Gross Amount

$18,600

Loan Approval from the SBA

Of the total $18,600 loan amount, the SBA guaranteed $15,810.

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 only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Searcy, Arkansas

Arkansas SBA Banks