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March 29, 2024  
 
 
  Business Loan Information  
 

Pine Bluff, Arkansas Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Pine Bluff, Arkansas Lender Lends Money to Ice Manufacturing Company

Thinking about meeting with a Pine Bluff, Arkansas bank about a business loan? Here's one Arkansas business loan, issued by a Pine Bluff bank, that was approved by the SBA.

Applying for an SBA loan with Pine Bluff National Bank worked out well for our friends at one local firm in Pine Bluff, Arkansas. The business was able to get an SBA loan for $150,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: ICE MANUFACTURING
PINE BLUFF, AR 71601

SBA Loan Lender

PINE BLUFF NATIONAL BANK
912 POPLAR ST
PINE BLUFF, AR 71601

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312113 - Ice Manufacturing

Loan Approval Date

6/28/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pine Bluff National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Incubators

Where to Get an SBA Loan in Pine Bluff, Arkansas

Browse All Business Loan Sources for Arkansas