Raising Money for Sewage Treatment Facilities

With these business loans for sewage treatment facilities, the SBA guarantees the lender that the loan will be repaid. This sewage treatment facilities loan for $364,000 was given to an Arkansas entrepreneur in 2000.

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 2000. The lending bank was Bank Of Rogers, based in Rogers, Arkansas.

SBA Loan Borrower

COMPANY TYPE: SEWERAGE SYSTEMS
SPRINGDALE, AR 72766

SBA Loan Lender

BANK OF ROGERS
801 NORTH DIXIELAND
ROGERS, AR 72756

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4952 - Sewerage Systems

NAICS Code

221320 - Sewage Treatment Facilities

Loan Approval Date

5/2/2000

Loan Approval Gross Amount

$364,000

Loan Approval from the SBA

Of the total $364,000 loan amount, the SBA guaranteed $273,000.

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 15 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Rogers had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Rogers made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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