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April 23, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Jonesboro, Business Loans > Liberty Bank Of Arkansas Jonesboro Business Loans > Electric Lamp Bulb And Part Manufacturing Loan | ||||
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SBA Lender Bono
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Liberty Bank Of Arkansas SBA Loan to Electric Lamp Bulb And Part Manufacturing CompanyAn SBA loan from Liberty Bank Of Arkansas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bono, Arkansas business owner got a $100,000 loan. This small firm knew how to go about getting a business bank loan. Based in Bono, Arkansas, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Liberty Bank Of Arkansas, based in Jonesboro, Arkansas. SBA Loan Borrower COMPANY TYPE: ELECTRIC LAMP BULB AND PART MANUFACTURING SBA Loan Lender LIBERTY BANK OF ARKANSAS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335110 - Electric Lamp Bulb and Part Manufacturing Loan Approval Date 9/16/2002 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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Liberty Bank Of Arkansas 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: Small Business Banks in Jonesboro, Arkansas
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