Fayetteville, Arkansas Entrepreneur Gets a Business Loan

SBA loans in Arkansas are hard to find these days. We take a look at one Arkansas SBA loan, provided by an Arkansas bank, that was approved by the SBA.

Getting a small business loan in Fayetteville, Arkansas was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Fayetteville. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: CATERERS
FAYETTEVILLE, AR 72703

SBA Loan Lender

THE BANK OF FAYETTEVILLE
ONE S BLOCK ST
FAYETTEVILLE, AR 72701

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

8/14/2006

Loan Approval Gross Amount

$144,000

Loan Approval from the SBA

Of the total $144,000 loan amount, the SBA guaranteed $122,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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 The Bank Of Fayetteville 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.

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Small Business Banks in Fayetteville, Arkansas

Arkansas SBA 7A Lenders