Springdale, Arkansas Business Gets SBA-Guaranteed Funding from Anb Finan

An SBA loan from Anb Finan typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Springdale, Arkansas business owner got a $2,000,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Springdale, Arkansas was able to borrow $2,000,000 from Anb Finan. The SBA made the loan possible by guaranteeing $1,500,000 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL CONTAINER MANUFACTURING
SPRINGDALE, AR 72765

SBA Loan Lender

ANB FINAN
3430 W WEDINGTON DR
FAYETTEVILLE, AR 72703

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

332439 - Metal Container Manufacturing

Loan Approval Date

3/22/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 188 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Anb Finan and they will explain how you can get an SBA loan for your company.

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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