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May 22, 2024  
 
 
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Cabot, Arkansas SBA Banks

 

 
Loan Census SBA Loan Info

Cabot, Arkansas Bank Lends Money to Sporting Goods Stores Company in Cabot, Arkansas

Thinking about meeting with a Cabot, Arkansas bank about a small business loan? Here's one Arkansas business loan, issued by a Cabot bank, that was approved by the SBA.

Applying for an SBA loan with First Security Bank worked out well for our friends at one local business in Cabot, Arkansas. The business was able to get an SBA loan for $48,100. Nice!

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
CABOT, AR 72023

SBA Loan Lender

FIRST SECURITY BANK
906 S PINE
CABOT, AR 72023

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

451110 - Sporting Goods Stores

Loan Approval Date

5/30/2003

Loan Approval Gross Amount

$48,100

Loan Approval from the SBA

Of the total $48,100 loan amount, the SBA guaranteed $40,885.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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