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April 26, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Fort Smith, Business Loans > Benefit Bank Fort Smith Business Loans > Retail Stores Loan | ||||
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Arkansas Bank SBA Loans
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Benefit Bank SBA Loan to Retail Stores CompanyWant an Arkansas SBA loan? Here's one Arkansas business loan that was approved by the SBA. This growing firm needed an SBA business loan in Fort Smith, Arkansas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Benefit Bank, operating out of Fort Smith, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender BENEFIT BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 9/21/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Fort Smith or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Fort Smith, Arkansas Getting an SBA Loan in Arkansas
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