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April 16, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Cave City, Business Loans > Bank Of Cave City Cave City Business Loans > Book Stores Loan | ||||
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Bank Of Cave City
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Business Loan from Bank Of Cave City Given to Book Stores CompanyBank Of Cave City has a track record as a leading provider of SBA loans. Find out how this Arkansas entrepreneur received an SBA loan from them. Getting a small business loan in Ash Flat, Arkansas was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Cave City, operating out of Cave City, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender BANK OF CAVE CITY This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451211 - Book Stores Loan Approval Date 9/21/2001 Loan Approval Gross Amount $47,500 Loan Approval from the SBA Of the total $47,500 loan amount, the SBA guaranteed $40,375. 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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Cave City, Arkansas Find an SBA Lender in Arkansas
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