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April 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Hot Springs Village, Business Loans > Hot Springs Bank & Trust Hot Springs Village Business Loans > Full-Service Restaurants Loan | ||||
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I Need an SBA Loan in Hot Springs Village, Arkansas
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Commercial Loans for Full-Service RestaurantsLooking for commercial loans for full-service restaurants? Talk to a banker who works with the SBA. This $567,000 full-service restaurants loan was issued by an Arkansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hot Springs Village, Arkansas was able to borrow $567,000 from Hot Springs Bank & Trust. The SBA made the loan possible by guaranteeing $425,250 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender HOT SPRINGS BANK & TRUST This business 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 722110 - Full-Service Restaurants Loan Approval Date 12/6/2007 Loan Approval Gross Amount $567,000 Loan Approval from the SBA Of the total $567,000 loan amount, the SBA guaranteed $425,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 26 employees. The SBA loan documents indicated that the loan would help retain 26 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Hot Springs Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Hot Springs Village, Arkansas Where to Get an SBA Loan Arkansas
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