Loan Census Banking News and Information
March 28, 2024  
 
 
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Small Business Banks for Bentonville Small Business Owners

 

 
Loan Census SBA Loan Info

Where to Get Capital for Broilers and Meat Type

Looking for small business loans for broilers and meat type? Talk to a banker who works with the SBA. This $796,000 broilers and meat type loan was issued by an Arkansas bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Financial Bank, out of Fayetteville, Arkansas. The loan was granted and they received $796,000 to help grow their Bentonville, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
BENTONVILLE, AR 72712

SBA Loan Lender

FIRST FINANCIAL BANK
2646 E JOYCE BLVD, STE 2
FAYETTEVILLE, AR 72703

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 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.

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

2/6/2002

Loan Approval Gross Amount

$796,000

Loan Approval from the SBA

Of the total $796,000 loan amount, the SBA guaranteed $597,000.

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 only one employee. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Financial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Startup Funding Tip

SBA 7A Banks for Fayetteville, Arkansas Loans

Arkansas SBA Banks