Fayetteville, Arkansas Bank Gives SBA Loan to Used Car Dealers Company

Want to talk with a Fayetteville, Arkansas bank about an SBA loan? Here's one Arkansas business loan, issued by a Fayetteville bank, that was approved by the SBA.

Applying for an SBA loan with Arvest Bank worked out well for our friends at one local business in Springdale, Arkansas. They received an SBA loan for $180,000. Great job!

SBA Loan Borrower

COMPANY TYPE: USED CAR DEALERS
SPRINGDALE, AR 72764

SBA Loan Lender

ARVEST BANK
75 N EAST AVE
FAYETTEVILLE, AR 72701

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

441120 - Used Car Dealers

Loan Approval Date

5/17/2001

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Springdale AR, you ought to talk with a local Springdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Springdale businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $180,000 loan. Remember, you control your own destiny.

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:

The Friends and Family Network

SBA 7A Banks in Fayetteville, Arkansas

Arkansas SBA Banks