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May 6, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Rogers, Business Loans > Bank Of Rogers Rogers Business Loans > Full-Service Restaurants Loan | ||||
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Banks in Rogers, Arkansas That Make SBA Loans
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Rogers, Arkansas Lender Lends Money to Full-Service Restaurants CompanyThinking about meeting with a Rogers, Arkansas bank about a small business loan? Here's one Arkansas business loan, issued by a Rogers bank, that was approved by the SBA. Applying for an SBA loan with Bank Of Rogers worked out well for our friends at one local company in Fort Smith, Arkansas. The business was able to get an SBA loan for $219,200. Nice! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BANK OF ROGERS This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 722110 - Full-Service Restaurants Loan Approval Date 8/27/2007 Loan Approval Gross Amount $219,200 Loan Approval from the SBA Of the total $219,200 loan amount, the SBA guaranteed $109,600. 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 43 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 63 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $219,200. How would you spend $219,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies Best Banks in Rogers, Arkansas
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