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November 14, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Bentonville, Business Loans > Anb Finan Bentonville Business Loans > Hotels And Motels Loan | ||||
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Arkansas SBA 7A Lenders
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Bentonville, Arkansas Bank Lends Money to Hotels And Motels Company in Siloam Springs, ArkansasThinking about meeting with a Bentonville, Arkansas bank about an SBA loan? Here's one Arkansas business loan, issued by a Bentonville bank, that was approved by the SBA. Applying for an SBA loan with Anb Finan worked out well for our friends at one local company in Siloam Springs, Arkansas. The business was able to get an SBA loan for $1,320,000. Awesome! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender ANB FINAN 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 721110 - Hotels and Motels Loan Approval Date 9/29/2003 Loan Approval Gross Amount $1,320,000 Loan Approval from the SBA Of the total $1,320,000 loan amount, the SBA guaranteed $990,000. 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 5 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $1,320,000. How would you spend $1,320,000 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: Family and Friend Investors - Your First Financiers Best Banks for Small Business in Bentonville, Arkansas
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