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January 19, 2021  
 
 
  Business Loan Information  
 

Cotter, Arkansas Bank Loan

 

 
Loan Census SBA Loan Info

Hotels and Motels Business Loans

Looking for business loans for hotels and motels? Talk to a banker who works with the SBA. This $133,500 hotels and motels loan was issued by an Arkansas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cotter, Arkansas was able to borrow $133,500 from Arvest Bank. The SBA made the loan possible by guaranteeing $113,475 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
COTTER, AR 72626

SBA Loan Lender

ARVEST BANK
802 E MAIN ST
FLIPPIN, AR 72634

This commercial 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

721110 - Hotels and Motels

Loan Approval Date

7/7/2005

Loan Approval Gross Amount

$133,500

Loan Approval from the SBA

Of the total $133,500 loan amount, the SBA guaranteed $113,475.

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 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours 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:

Obtaining Funding - How to Borrow Money

SBA 7A Lenders in Flippin, Arkansas

Getting an SBA Loan in Arkansas