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April 17, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Huntsville, Business Loans > Arvest Bank Huntsville Business Loans > Full-Service Restaurants Loan | ||||
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I Need an SBA 7A Loan in Fayetteville, Arkansas
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Financing for Full-Service RestaurantsLooking for loans for full-service restaurants? The SBA may be the answer. This $266,000 full-service restaurants loan was issued by an Arkansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fayetteville, Arkansas was able to borrow $266,000 from Arvest Bank. The SBA made the loan possible by guaranteeing $199,500 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender ARVEST BANK This 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 722110 - Full-Service Restaurants Loan Approval Date 9/23/2003 Loan Approval Gross Amount $266,000 Loan Approval from the SBA Of the total $266,000 loan amount, the SBA guaranteed $199,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 34 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $266,000. How would you spend $266,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Approved Banks in Huntsville, Arkansas
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