Salem, Arkansas Lender Lends Money to Paint, Glass, And Wallpaper Stores Company

Want to talk with a Salem, Arkansas bank about a business loan? Here's one Missouri business loan, issued by a Salem bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Salem worked out well for our friends at one local firm in West Plains, Missouri. They received an SBA loan for $23,500. Great job!

SBA Loan Borrower

COMPANY TYPE: PAINT, GLASS, AND WALLPAPER STORES
WEST PLAINS, MO 65775

SBA Loan Lender

BANK OF SALEM
207 W CHURCH ST
SALEM, AR 72576

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5231 - Paint, Glass, and Wallpaper Stores

NAICS Code

444120 - Paint and Wallpaper Stores

Loan Approval Date

2/18/2005

Loan Approval Gross Amount

$23,500

Loan Approval from the SBA

Of the total $23,500 loan amount, the SBA guaranteed $19,975.

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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in West Plains MO, you ought to talk with a local West Plains SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Plains businesses.

This SBA loan was for $23,500. How would you spend $23,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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