Fayetteville, Arkansas Lender Lends Money to Broilers And Meat Type Company

Want to talk with a Fayetteville, Arkansas bank about a business loan? Here's one Arkansas business loan, issued by a Fayetteville bank, that was approved by the SBA.

Applying for an SBA loan with First Financial Bank worked out well for our friends at one local company in Gentry, Arkansas. They received an SBA loan for $1,013,000. Great job!

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
GENTRY, AR 72734

SBA Loan Lender

FIRST FINANCIAL BANK
2646 E JOYCE BLVD, STE 2
FAYETTEVILLE, AR 72703

This lender issued this bank loan under the 7A SBA 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

112320 - Broilers and Meat Type

Loan Approval Date

11/17/2003

Loan Approval Gross Amount

$1,013,000

Loan Approval from the SBA

Of the total $1,013,000 loan amount, the SBA guaranteed $759,750.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Financial Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Financial Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

How Equity Dilution Works

Where to Get an SBA Loan in Fayetteville, Arkansas

Getting an SBA Loan in Arkansas