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April 24, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Bryant, Business Loans > Heartland Community Bank Bryant Business Loans > Florists Loan | ||||
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Benton Business Loans from Heartland Community Bank
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SBA Loan from Heartland Community Bank Helps Florists CompanyAn SBA loan from Heartland Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Benton, Arkansas business owner got a $100,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Heartland Community Bank, out of Bryant, Arkansas. The loan was granted and they received $100,000 to help grow their Benton, Arkansas business. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender HEARTLAND COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 10/23/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company 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. This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Banks for Bryant, Arkansas Loans
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