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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Arkansas Capital Corporation Little Rock Business Loans > Finish Carpentry Contractors Loan | ||||
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Arkansas Small Business SBA Loans
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Local Business Gets an Arkansas Small Business LoanWould an Arkansas business loan help your company expand? If so, you may want to talk with this Arkansas bank, which offers SBA loans to Arkansas entrepreneurs. This business, based in Truman, 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 Arkansas Capital Corporation. We've got the inside scoop on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: FINISH CARPENTRY CONTRACTORS SBA Loan Lender ARKANSAS CAPITAL CORPORATION This lender issued this SBA small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. NAICS Code 238350 - Finish Carpentry Contractors Loan Approval Date 7/24/2007 Loan Approval Gross Amount $561,000 Loan Approval from the SBA Of the total $561,000 loan amount, the SBA guaranteed $420,750. 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 40 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Arkansas Capital Corporation had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Arkansas Capital Corporation 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. Related Links: Determining Proper Capital Structure for a Business Small Business Banks in Little Rock, Arkansas Where to Get an SBA Loan Arkansas
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