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March 29, 2024  
 
 
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Banks Doing SBA Loans in Arkansas

 

 
Loan Census SBA Loan Info

Heber Springs, Arkansas Bank Lends Money to Gasoline Stations With Convenience Stores Company in Heber Springs, Arkansas

Get small business loans from a Heber Springs, Arkansas bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Greers Ferry Lake State Bank is a Heber Springs, Arkansas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Arkansas company.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
HEBER SPRINGS, AR 72543

SBA Loan Lender

GREERS FERRY LAKE STATE BANK
1230 HWY 25 B NORTH
HEBER SPRINGS, AR 72543

This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began 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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

6/8/2005

Loan Approval Gross Amount

$308,000

Loan Approval from the SBA

Of the total $308,000 loan amount, the SBA guaranteed $231,000.

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 only one employee. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $308,000. How would you spend $308,000 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:

Business Cash Advances

Who Lends Money to Small Businesses in Heber Springs, Arkansas

Arkansas SBA 7A Lenders