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April 16, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Jonesboro, Business Loans > Liberty Bank Of Arkansas Jonesboro Business Loans > Cafeterias, Grill Buffets, And Buffets Loan | ||||
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Jonesboro, Arkansas SBA Banks
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Entrepreneur Works With Jonesboro, Arkansas Bank to Get an SBA LoanA Jonesboro, Arkansas SBA loan can be yours. Learn how a company got a $125,000 business loan from this Arkansas bank. This loan to a local firm is a good example of an SBA loan. Liberty Bank Of Arkansas made the loan and the SBA guaranteed a portion of the loan. Many other Arkansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CAFETERIAS, GRILL BUFFETS, AND BUFFETS SBA Loan Lender LIBERTY BANK OF ARKANSAS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722212 - Cafeterias, Grill Buffets, and Buffets Loan Approval Date 12/11/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 33 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Liberty Bank Of Arkansas are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Raising VC Money for Social Networking Companies
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