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March 29, 2024  
 
 
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Liberty Bank Of Arkansas Small Business Franchise Loan

 

 
Loan Census SBA Loan Info

Arkansas Entrepreneur Secures Financing to Buy Firehouse Subs Franchise

Need money to invest in a Firehouse Subs franchise? Liberty Bank Of Arkansas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fayetteville, Arkansas needed money to invest in a Firehouse Subs franchise back in 2003. Liberty Bank Of Arkansas issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

FIREHOUSE SUBS
FAYETTEVILLE, AR 72701

SBA Loan Lender

LIBERTY BANK OF ARKANSAS
2901 E HIGHLAND DR
JONESBORO, AR 72401

This lender issued this particular commercial 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

722211 - Limited-Service Restaurants

Loan Approval Date

6/19/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Firehouse Subs

SBIR Funding

SBA Participating Banks in Jonesboro, Arkansas

Arkansas SBA Banks