Grocery and Related Products Merchant Wholesalers Loans
Looking for loans for grocery and related products merchant wholesalers? Talk to a banker who works with the SBA. This $100,000 grocery and related products merchant wholesalers loan was issued by an Arkansas bank.
This small firm knew how to go about getting a business bank loan. Based in Farmington, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Bank Of Fayetteville, based in Fayetteville, Arkansas.
SBA Loan Borrower
COMPANY TYPE: GROCERY AND RELATED PRODUCTS MERCHANT WHOLESALERS
FARMINGTON, AR 72730
SBA Loan Lender
THE BANK OF FAYETTEVILLE
ONE S BLOCK ST
FAYETTEVILLE, AR 72701
This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424490 - Grocery and Related Products Merchant Wholesalers
Loan Approval Date
11/23/2005
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 4 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from The Bank Of Fayetteville so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Getting a Small Business Loan
Find an SBA Lender in Fayetteville, Arkansas
SBA Participating Banks in Arkansas