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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Jonesboro, Business Loans > Liberty Bank Of Arkansas Jonesboro Business Loans > Book Stores Loan | ||||
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Liberty Bank Of Arkansas Small Business Loans
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SBA Loan from Liberty Bank Of Arkansas Helps Book Stores CompanyLiberty Bank Of Arkansas has a track record as a leading provider of SBA loans. Find out how this Arkansas entrepreneur received an SBA loan from them. Getting a small business loan in Russellville, Arkansas was an essential business goal for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Liberty Bank Of Arkansas, operating out of Jonesboro, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender LIBERTY BANK OF ARKANSAS This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451211 - Book Stores Loan Approval Date 8/27/2002 Loan Approval Gross Amount $38,000 Loan Approval from the SBA Of the total $38,000 loan amount, the SBA guaranteed $32,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 Liberty Bank Of Arkansas 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: Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Jonesboro, Arkansas
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