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December 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Rogers, Business Loans > Arvest Bank Rogers Business Loans > Food Manufacturing Loan | ||||
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How to Get an SBA Loan from Arvest Bank
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Business Loan from Arvest Bank Given to Food Manufacturing CompanyArvest Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arkansas entrepreneur was able to get a loan to take a small business to the next level. This small firm knew how to go about getting a business bank loan. Based in Rogers, Arkansas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Arvest Bank, based in Rogers, Arkansas. SBA Loan Borrower COMPANY TYPE: FOOD MANUFACTURING SBA Loan Lender ARVEST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311999 - Food Manufacturing Loan Approval Date 7/18/2001 Loan Approval Gross Amount $4,000 Loan Approval from the SBA Of the total $4,000 loan amount, the SBA guaranteed $3,400. 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 company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $4,000. How would you spend $4,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies Find an SBA Lender in Rogers, Arkansas
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