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March 28, 2024  
 
 
  Business Loan Information  
 

SBA Lenders for Dardanelle Entrepreneurs

 

 
Loan Census SBA Loan Info

Borrowing Money for Broilers and Meat Type

With these loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $868,000 was given to an Arkansas entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Dardanelle, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was First Financial Bank, based in El Dorado, Arkansas.

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
DARDANELLE, AR 72834

SBA Loan Lender

FIRST FINANCIAL BANK
214 N WASHINGTON, STE 516
EL DORADO, AR 71730

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

4/12/2006

Loan Approval Gross Amount

$868,000

Loan Approval from the SBA

Of the total $868,000 loan amount, the SBA guaranteed $651,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Financial Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Borrowing Money from Friends and Family

Where to Get an SBA Loan in El Dorado, Arkansas

Arkansas SBA Bank Lenders