Alpena, AR Entrepreneur Gets SBA Loan to Buy Candy Bouquet,Inc Franchise

Need a loan to purchase a Candy Bouquet,Inc franchise? 1st National Bank In Green Forest has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Candy Bouquet,Inc franchise? If so, here's a 2002 SBA franchise loan that you should know about. 1st National Bank In Green Forest was the lender and the entrepreneur was based in Alpena, Arkansas.

SBA Loan Borrower

CANDY BOUQUET OF HARRISON
ALPENA, AR 72611

SBA Loan Lender

1ST NATIONAL BANK IN GREEN FOREST
1106 HWY 65 NORTH
HARRISON, AR 72601

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

6/20/2002

Loan Approval Gross Amount

$15,400

Loan Approval from the SBA

Of the total $15,400 loan amount, the SBA guaranteed $13,090.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Candy Bouquet,Inc franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Alpena AR, you ought to talk with a local Alpena SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alpena businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st National Bank In Green Forest had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st National Bank In Green Forest 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:

Candy Bouquet

Alternative Financing

Best Harrison, Arkansas Banks for Small Business

Find an SBA Lender in Arkansas