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December 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Marion, Business Loans > First Commun Bank - Eastern Arka Marion Business Loans > Car Washes Loan | ||||
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Marion, Arkansas SBA 7A Banks
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Marion, Arkansas Bank Lends Money to Car Washes Company in West Memphis, ArkansasGet business loans from a Marion, Arkansas bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. First Commun Bank - Eastern Arka is a Marion, Arkansas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Arkansas company. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender FIRST COMMUN BANK - EASTERN ARKA This business 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 811192 - Car Washes Loan Approval Date 8/20/2004 Loan Approval Gross Amount $178,500 Loan Approval from the SBA Of the total $178,500 loan amount, the SBA guaranteed $133,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Commun Bank - Eastern Arka that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Lenders in Marion, Arkansas
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