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March 28, 2024  
 
 
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SBA Lender Arkadelphia Arkansas

 

 
Loan Census SBA Loan Info

Growing Company Gets an Arkansas Business Loan

Would an Arkansas bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Arkansas bank, which offers SBA loans to Arkansas entrepreneurs.

Getting a small business loan in Arkadelphia, Arkansas was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Elk Horn Bank & Trust Company. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: INFORMATION RETRIEVAL SERVICES
ARKADELPHIA, AR 71923

SBA Loan Lender

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

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

7375 - Information Retrieval Services

NAICS Code

514191 - On-Line Information Services

Loan Approval Date

1/11/2000

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Elk Horn Bank & Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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