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April 18, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Dumas, Business Loans > Merchants & Farmers Bank Dumas Business Loans > Convenience Stores Loan | ||||
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Dumas, Arkansas Bank Loan
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Convenience Stores Small Business LoansLooking for small business loans for convenience stores? Talk to a banker who works with the SBA. This $298,800 convenience stores loan was issued by an Arkansas bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Merchants & Farmers Bank, out of Dumas, Arkansas. The loan was granted and they received $298,800 to help grow their Dumas, Arkansas business. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender MERCHANTS & FARMERS BANK This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 2/19/2004 Loan Approval Gross Amount $298,800 Loan Approval from the SBA Of the total $298,800 loan amount, the SBA guaranteed $224,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links:
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