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April 17, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Arkadelphia, Business Loans > Elk Horn Bank & Trust Company Arkadelphia Business Loans > Retail Stores Loan | ||||
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Arkansas Bank SBA Loans
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Elk Horn Bank & Trust Company SBA Loan to Retail Stores CompanyWant an Arkansas business loan? Here's one Arkansas business loan that was approved by the SBA. This growing firm needed an SBA business loan in Arkadelphia, Arkansas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Elk Horn Bank & Trust Company, operating out of Arkadelphia, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender ELK HORN BANK & TRUST COMPANY This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 7/17/2000 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Approved Banks in Arkadelphia, Arkansas Find an SBA Lender in Arkansas
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