Bancorpsouth Bank SBA Loan to Armature Rewinding Shops Company

Searching for an Arkansas SBA loan? Here's one Arkansas business loan that was approved by the SBA.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bancorpsouth Bank, out of Stuttgart, Arkansas. The loan was granted and they received $45,000 to help grow their Stuttgart, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: ARMATURE REWINDING SHOPS
STUTTGART, AR 72160

SBA Loan Lender

BANCORPSOUTH BANK
412 S MAIN ST
STUTTGART, AR 72160

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7694 - Armature Rewinding Shops

Loan Approval Date

4/17/2000

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $36,000.

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 hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Loan

SBA Approved Banks in Stuttgart, Arkansas

Arkansas SBA Banks