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April 18, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Mountain Home, Business Loans > Liberty Bank Of Arkansas Mountain Home Business Loans > Chiropractors Loan | ||||
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Arkansas Bank SBA Loans
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SBA Loan from Liberty Bank Of Arkansas Helps Chiropractors CompanyLiberty Bank Of Arkansas and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arkansas entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Liberty Bank Of Arkansas, out of Mountain Home, Arkansas. The loan was granted and they received $235,000 to help grow their Mountain Home, Arkansas business. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender LIBERTY BANK OF ARKANSAS This SBA 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 621310 - Chiropractors Loan Approval Date 11/1/2002 Loan Approval Gross Amount $235,000 Loan Approval from the SBA Of the total $235,000 loan amount, the SBA guaranteed $176,250. 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 3 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you 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 SBA loan was for $235,000. How would you spend $235,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Where to Get an SBA Loan in Mountain Home, Arkansas
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