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April 20, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Siloam Springs, Business Loans > Arvest Bank Siloam Springs Business Loans > Broilers And Meat Type Loan | ||||
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Business Loans for Gravette Businesses
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Financing for Broilers and Meat TypeWith these commercial loans for broilers and meat type, the SBA guarantees the lender that the loan will be repaid. This broilers and meat type loan for $1,915,000 was given to an Arkansas entrepreneur in 2004. Getting a small business loan in Gravette, Arkansas was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank, operating out of Siloam Springs, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: BROILERS AND MEAT TYPE SBA Loan Lender ARVEST BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 9/21/2004 Loan Approval Gross Amount $1,915,000 Loan Approval from the SBA Of the total $1,915,000 loan amount, the SBA guaranteed $1,436,250. 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 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $1,915,000. How would you spend $1,915,000 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: Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Siloam Springs, Arkansas
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