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April 25, 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 > Women's And Girls' Cut And Sew Dress Manufacturing Loan | ||||
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Jonesboro, Arkansas Bank Loan
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Getting an SBA Loan for Women's and Girls' Cut and Sew Dress ManufacturingLooking for commercial loans for women's and girls' cut and sew dress manufacturing? The SBA may be the answer. This $61,000 women's and girls' cut and sew dress manufacturing loan was issued by an Arkansas bank. Getting a small business loan in Jonesboro, Arkansas was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Simmons 1st Bank - Jonesboro, operating out of Jonesboro, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: WOMEN'S AND GIRLS' CUT AND SEW DRESS MANUFACTURING SBA Loan Lender SIMMONS 1ST BANK - JONESBORO This lender processed this commercial 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 315233 - Women's and Girls' Cut and Sew Dress Manufacturing Loan Approval Date 9/15/2006 Loan Approval Gross Amount $61,000 Loan Approval from the SBA Of the total $61,000 loan amount, the SBA guaranteed $30,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for 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. Related Links: Dealing With Venture Capitalists Best Banks in Jonesboro, Arkansas
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