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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 > Arkansas Capital Corporation Little Rock Business Loans > Sawmills Loan | ||||
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How Do We Get a Business Loan in Amity, Arkansas?
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Sawmills Small Business LoansLooking for small business loans for sawmills? The SBA may be the answer. This $618,000 sawmills loan was issued by an Arkansas bank. This small firm knew how to go about getting a business bank loan. Based in Amity, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Arkansas Capital Corporation, based in Little Rock, Arkansas. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender ARKANSAS CAPITAL CORPORATION The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 6/29/2001 Loan Approval Gross Amount $618,000 Loan Approval from the SBA Of the total $618,000 loan amount, the SBA guaranteed $463,500. 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 23 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source 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: SBA 7A Lenders in Little Rock, Arkansas
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