Sewing, Needlework, and Piece Goods Stores Small Business Loans

Looking for small business loans for sewing, needlework, and piece goods stores? Talk to a banker who works with the SBA. This $145,700 sewing, needlework, and piece goods stores loan was issued by an Arkansas bank.

This small firm received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Hot Springs Bank & Trust, out of Hot Springs National, Arkansas. The loan was granted and they received $145,700 to help grow their Hot Springs (hot Springs Natio, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
HOT SPRINGS (HOT SPRINGS NATIO, AR 71913

SBA Loan Lender

HOT SPRINGS BANK & TRUST
4403 CENTRAL AVE, STE A
HOT SPRINGS NATIONAL, AR 71913

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

1/23/2008

Loan Approval Gross Amount

$145,700

Loan Approval from the SBA

Of the total $145,700 loan amount, the SBA guaranteed $72,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hot Springs Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

Good Banks for Small Business in Hot Springs National, Arkansas

SBA Lenders in Arkansas