Springdale, Arkansas Entrepreneur Gets a Business Loan

Searching for an Arkansas bank loan? This Arkansas entrepreneur got a bank loan, provided by an Arkansas bank that works with the SBA to help small business owners.

Getting a small business loan in Springdale, Arkansas was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Anb Finan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
SPRINGDALE, AR 72762

SBA Loan Lender

ANB FINAN
3605 SOUTHERN HILLS BLVD
ROGERS, AR 72758

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448190 - Clothing Stores

Loan Approval Date

4/23/2007

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

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 95 employees. The loan application indicated that the loan would help generate 35 new jobs and retain 60 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $800,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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