The Malvern National Bank SBA Loan to Children's And Infants' Clothing Stores Company
The Malvern National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arkansas entrepreneur was able to get a loan to take a small business to the next level.
This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Malvern National Bank, out of Hot Springs National, Arkansas. The loan was granted and they received $58,000 to help grow their Hot Springs, Arkansas business.
SBA Loan Borrower
COMPANY TYPE: CHILDREN'S AND INFANTS' CLOTHING STORES
HOT SPRINGS, AR 71913
SBA Loan Lender
THE MALVERN NATIONAL BANK
548 W GRAND
HOT SPRINGS NATIONAL, AR 71901
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
448130 - Children's and Infants' Clothing Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $58,000 loan amount, the SBA guaranteed $49,300.
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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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.
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