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April 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > El Dorado, Business Loans > Timberland Bank El Dorado Business Loans > Small Arms Manufacturing Loan | ||||
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Arkansas SBA Loan from Timberland Bank
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Eldorado, Arkansas Business Gets SBA-Guaranteed Funding from Timberland BankTimberland Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Arkansas entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Eldorado, Arkansas was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Timberland Bank, operating out of El Dorado, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: SMALL ARMS MANUFACTURING SBA Loan Lender TIMBERLAND BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332994 - Small Arms Manufacturing Loan Approval Date 3/16/2001 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Eldorado or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks in El Dorado, Arkansas
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