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April 26, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Jonesboro, Business Loans > Simmons 1st Bank - Jonesboro Jonesboro Business Loans > Optometrists Loan | ||||
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AR Business Loan from Simmons 1st Bank - Jonesboro
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Business Loan from Simmons 1st Bank - Jonesboro Given to Optometrists CompanyAn SBA loan from Simmons 1st Bank - Jonesboro typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jonesboro, Arkansas business owner got a $140,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jonesboro, Arkansas was able to borrow $140,000 from Simmons 1st Bank - Jonesboro. The SBA made the loan possible by guaranteeing $119,000 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender SIMMONS 1ST BANK - JONESBORO This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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 621320 - Optometrists Loan Approval Date 5/24/2004 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. 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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $140,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Dealing With Venture Capitalists Find an SBA Lender in Jonesboro, Arkansas
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