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December 22, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Arkansas Capital Corporation Little Rock Business Loans > Crop Farming Loan | ||||
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SBA Lenders in Arkansas
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Business Loan from Arkansas Capital Corporation Given to Crop Farming CompanyArkansas Capital Corporation 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 Sheridan, Arkansas was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Arkansas Capital Corporation, operating out of Little Rock, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: CROP FARMING SBA Loan Lender ARKANSAS CAPITAL CORPORATION This 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 111998 - Crop Farming Loan Approval Date 2/23/2005 Loan Approval Gross Amount $770,000 Loan Approval from the SBA Of the total $770,000 loan amount, the SBA guaranteed $577,500. 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 business planned to use the funding to add employees 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. 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 Arkansas Capital Corporation 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: SBA Participating Banks in Little Rock, Arkansas
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