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May 18, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Arkansas Capital Corporation Little Rock Business Loans > Upholstered Household Furniture Manufacturing Loan | ||||
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Banks That Lend to Arkansas Businesses
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Arkansas SBA Loan Issued to Upholstered Household Furniture Manufacturing CompanyBank loans in Arkansas are are few and far betweeen these days. We take a look at one Arkansas bank loan, provided by an Arkansas bank, that was approved by the SBA. You can learn something about getting a small business loan in Monticello, Arkansas by studying this loan to a local company, made back in 2002. Banks like Arkansas Capital Corporation may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: UPHOLSTERED HOUSEHOLD FURNITURE MANUFACTURING SBA Loan Lender ARKANSAS CAPITAL CORPORATION This debt financing was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337121 - Upholstered Household Furniture Manufacturing Loan Approval Date 9/27/2002 Loan Approval Gross Amount $616,000 Loan Approval from the SBA Of the total $616,000 loan amount, the SBA guaranteed $462,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 180 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Microlending as a Small Business Funding Source SBA Banks in Little Rock, Arkansas
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