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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Many, Business Loans > The Peoples State Bank Many Business Loans > Paper Industry Machinery Manufacturing Loan | ||||
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Best Banks for Texarkana Entrepreneurs
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Company Gets an Arkansas Small Business LoanWant an Arkansas SBA loan? This Arkansas entrepreneur got an SBA loan, provided by a Louisiana bank that works with the SBA to help small business owners. This small business, based in Texarkana, Arkansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from The Peoples State Bank. We've got the inside scoop on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: PAPER INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender THE PEOPLES STATE BANK This bank 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 333291 - Paper Industry Machinery Manufacturing Loan Approval Date 8/1/2006 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. 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 23 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 The Peoples State Bank 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. Related Links: Raising VC Money for Social Networking Companies Best Many, Louisiana Banks for Small Business
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