Fort Smith, Arkansas Business Gets SBA-Guaranteed Funding from First Commun Bank - Crawford Cnt

An SBA loan from First Commun Bank - Crawford Cnt typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fort Smith, Arkansas business owner got a $495,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Fort Smith, Arkansas, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was First Commun Bank - Crawford Cnt, based in Van Buren, Arkansas.

SBA Loan Borrower

COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS
FORT SMITH, AR 72901

SBA Loan Lender

FIRST COMMUN BANK - CRAWFORD CNT
2925 ALMA HWY, STE A
VAN BUREN, AR 72956

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238290 - Building Equipment Contractors

Loan Approval Date

5/6/2005

Loan Approval Gross Amount

$495,000

Loan Approval from the SBA

Of the total $495,000 loan amount, the SBA guaranteed $371,250.

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 9 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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Where to Get an SBA Loan Arkansas