First Security Bank Of Conway SBA Loan to Eating Places Company

An SBA loan from First Security Bank Of Conway typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Conway, Arkansas business owner got a $20,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Conway, Arkansas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First Security Bank Of Conway, based in Conway, Arkansas.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
CONWAY, AR 72032

SBA Loan Lender

FIRST SECURITY BANK OF CONWAY
1001 FRONT ST
CONWAY, AR 72032

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.

SIC Code

5812 - Eating Places

Loan Approval Date

4/24/2000

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $16,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. 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.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Security Bank Of Conway and they will explain how you can get an SBA loan for your company.

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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First Security Bank Of Conway SBA Loan to Eating Places Company