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April 24, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Hot Springs National, Business Loans > Simmons 1st Bank - Hot Springs Hot Springs National Business Loans > Book Publishers Loan | ||||
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How Do We Get a Business Loan in Hot Springs Village, Arkansas?
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Getting an SBA Loan for Book PublishersWith these SBA loans for book publishers, the SBA guarantees the lender that the loan will be repaid. This book publishers loan for $70,000 was given to an Arkansas entrepreneur in 2004. Getting a small business loan in Hot Springs Village, Arkansas was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Simmons 1st Bank - Hot Springs, operating out of Hot Springs National, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: BOOK PUBLISHERS SBA Loan Lender SIMMONS 1ST BANK - HOT SPRINGS This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 511130 - Book Publishers Loan Approval Date 9/24/2004 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $70,000 loan. Remember, feel the fear, and do it anyway. 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: Small Bank Loans in Hot Springs National, Arkansas
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