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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Rogers, Business Loans > First Western Bank Rogers Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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Arkansas Bank SBA Loans
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Business Loan from First Western Bank Given to Hobby, Toy, And Game Stores CompanyAn SBA loan from First Western Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rogers, Arkansas business owner got a $129,300 loan. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Western Bank, out of Rogers, Arkansas. The loan was granted and they received $129,300 to help grow their Rogers, Arkansas business. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender FIRST WESTERN BANK This commercial 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 451120 - Hobby, Toy, and Game Stores Loan Approval Date 5/16/2003 Loan Approval Gross Amount $129,300 Loan Approval from the SBA Of the total $129,300 loan amount, the SBA guaranteed $109,905. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Western Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks in Rogers, Arkansas
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