Strawberry, Arkansas Business Gets SBA-Guaranteed Funding from First Financial Bank

An SBA loan from First Financial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Strawberry, Arkansas business owner got a $54,300 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Strawberry, Arkansas was able to borrow $54,300 from First Financial Bank. The SBA made the loan possible by guaranteeing $46,155 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: POULTRY PROCESSING
STRAWBERRY, AR 72469

SBA Loan Lender

FIRST FINANCIAL BANK
214 N WASHINGTON, STE 516
EL DORADO, AR 71730

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311615 - Poultry Processing

Loan Approval Date

10/8/2004

Loan Approval Gross Amount

$54,300

Loan Approval from the SBA

Of the total $54,300 loan amount, the SBA guaranteed $46,155.

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 only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

We can help you find the best banks for small businesses in Strawberry or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Choosing VC Firms

SBA Participating Banks in El Dorado, Arkansas

Getting an SBA Loan in Arkansas