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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > El Dorado, Business Loans > First Financial Bank El Dorado Business Loans > Poultry And Poultry Product Merchant Wholesalers Loan | ||||
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Banks That Lend to Arkansas Business Owners
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First Financial Bank Gives Business Loan to Poultry And Poultry Product Merchant Wholesalers CompanyWould an Arkansas small business loan help your small business to grow and prosper? If so, you may want to talk with this Arkansas bank, which offers SBA loans to Arkansas entrepreneurs. This small business, based in Smithville, Arkansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First Financial Bank. We've got the inside scoop on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: POULTRY AND POULTRY PRODUCT MERCHANT WHOLESALERS SBA Loan Lender FIRST FINANCIAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424440 - Poultry and Poultry Product Merchant Wholesalers Loan Approval Date 7/21/2004 Loan Approval Gross Amount $85,600 Loan Approval from the SBA Of the total $85,600 loan amount, the SBA guaranteed $72,760. 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 only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Financial 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:
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