Arkadelphia, Arkansas Bank Gives SBA Loan to Groceries And Related Products Company

Find Arkadelphia, Arkansas banks that specialize in small business loans and know how to work with entrepreneurs. Elk Horn Bank & Trust Company is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in No. Little Rock, Arkansas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Elk Horn Bank & Trust Company. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GROCERIES AND RELATED PRODUCTS
NO. LITTLE ROCK, AR 72116

SBA Loan Lender

ELK HORN BANK & TRUST COMPANY
601 MAIN ST
ARKADELPHIA, AR 71923

This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

SIC Code

5149 - Groceries and Related Products

Loan Approval Date

9/21/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $24,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in No. Little Rock AR, you ought to talk with a local No. Little Rock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to No. Little Rock businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Elk Horn Bank & Trust Company and they will explain how you can get an SBA loan for your company.

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:

Financing Your Business

Best Arkadelphia, Arkansas Banks for Small Business

SBA Lenders in Arkansas