Bank Of Rogers Gives Small Business Loan to Dentists Company
Bank loans in Arkansas are hard to find these days. We take a look at one Arkansas bank loan, provided by an Arkansas bank, that was approved by the SBA.
You can learn something about getting a small business loan in Rogers, Arkansas by studying this loan to a local company, made back in 2001. Banks like Bank Of Rogers may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
ROGERS, AR 72756
SBA Loan Lender
BANK OF ROGERS
801 NORTH DIXIELAND
ROGERS, AR 72756
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621210 - Dentists
Loan Approval Date
4/4/2001
Loan Approval Gross Amount
$644,000
Loan Approval from the SBA
Of the total $644,000 loan amount, the SBA guaranteed $483,000.
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 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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:
Role of Business Plan When Raising Money
Banks in Rogers, Arkansas
SBA Lenders in Arkansas