Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Farmers Bank & Trust Co. Business Loan Blytheville, Arkansas

 

 
Loan Census SBA Loan Info

Business Loan from Farmers Bank & Trust Co. Given to Construction, Mining, And Forestry Machinery Equipment Rental And Leasing Company

Farmers Bank & Trust Co. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Arkansas entrepreneur who tapped into the power of SBA loans.

This business knew how to go about getting a business bank loan. Based in Blytheville, Arkansas, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Farmers Bank & Trust Co., based in Blytheville, Arkansas.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING
BLYTHEVILLE, AR 72315

SBA Loan Lender

FARMERS BANK & TRUST CO.
400 W MAIN
BLYTHEVILLE, AR 72315

This small 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

532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing

Loan Approval Date

9/25/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Blytheville AR, you ought to talk with a local Blytheville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Blytheville businesses.

While you may be able to find other ways to get money to start a business, 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:

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Where to Get an SBA Loan Arkansas