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May 1, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Tulsa, Business Loans > Arvest Bank Tulsa Business Loans > Limited-Service Restaurants Loan | ||||
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Raising Money in Bentonville, Arkansas With SBA Loans
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Financing for Limited-Service RestaurantsWith these commercial loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $37,000 was given to an Arkansas entrepreneur in 2006. Getting a small business loan in Bentonville, Arkansas was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank, operating out of Tulsa, Oklahoma. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender ARVEST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/4/2006 Loan Approval Gross Amount $37,000 Loan Approval from the SBA Of the total $37,000 loan amount, the SBA guaranteed $18,500. 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. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Arvest Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Arvest Bank 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: Dealing With Venture Capitalists
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