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April 20, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Metropolitan National Bank Little Rock Business Loans > Plumbing And Heating Equipment And Supplies Wholesalers Loan | ||||
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Banks Doing SBA Loans in Arkansas
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Little Rock, Arkansas Bank Gives SBA Loan to Plumbing And Heating Equipment And Supplies Wholesalers CompanyThinking about meeting with a Little Rock, Arkansas bank about a small business loan? Here's one Arkansas business loan, issued by a Little Rock bank, that was approved by the SBA. Applying for an SBA loan with Metropolitan National Bank worked out well for our friends at one local firm in North Little Rock, Arkansas. The business was able to get an SBA loan for $268,500. Sweet! SBA Loan Borrower COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES WHOLESALERS SBA Loan Lender METROPOLITAN NATIONAL BANK This loan for a small business 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 421720 - Plumbing and Heating Equipment and Supplies Wholesalers Loan Approval Date 12/1/2003 Loan Approval Gross Amount $268,500 Loan Approval from the SBA Of the total $268,500 loan amount, the SBA guaranteed $201,375. 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 12 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in North Little Rock AR, you ought to talk with a local North Little Rock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Little Rock businesses. While you may be able to find other ways to get money to start a business, 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: Find an SBA Lender in Little Rock, Arkansas
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