Footwear and Leather Goods Repair Business Loans

With these business loans for footwear and leather goods repair, the SBA guarantees the lender that the loan will be repaid. This footwear and leather goods repair loan for $20,000 was given to an Arkansas entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Springdale, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Arvest Bank, based in Fayetteville, Arkansas.

SBA Loan Borrower

COMPANY TYPE: FOOTWEAR AND LEATHER GOODS REPAIR
SPRINGDALE, AR 72762

SBA Loan Lender

ARVEST BANK
75 N EAST AVE
FAYETTEVILLE, AR 72701

This debt financing 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

811430 - Footwear and Leather Goods Repair

Loan Approval Date

4/7/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Role of Business Plan When Raising Money

SBA 7A Lenders in Fayetteville, Arkansas

Arkansas SBA 7A Lenders