Financing for Recreational and Vacation Camps

With these commercial loans for recreational and vacation camps, the SBA guarantees the lender that the loan will be repaid. This recreational and vacation camps loan for $147,000 was given to an Arkansas entrepreneur in 2006.

Getting a small business loan in Salesville, Arkansas was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Little River Bank, operating out of Lepanto, Arkansas. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL AND VACATION CAMPS
SALESVILLE, AR 72563

SBA Loan Lender

LITTLE RIVER BANK
202 GREENWOOD AVE
LEPANTO, AR 72354

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721214 - Recreational and Vacation Camps

Loan Approval Date

4/19/2006

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Little River Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Understanding Dilution

Good Banks for Small Business in Lepanto, Arkansas

Arkansas SBA Bank Lenders