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May 2, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Sallisaw, Business Loans > First National Bank, Sallisaw Sallisaw Business Loans > Data Processing, Hosting, And Related Services Loan | ||||
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Sallisaw Bank Loan
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Sallisaw, Oklahoma Bank Lends Money to Data Processing, Hosting, And Related Services Company in Fort Smith, ArkansasWant to talk with a Sallisaw, Oklahoma bank about a business loan? Here's one Arkansas business loan, issued by a Sallisaw bank, that was approved by the SBA. Applying for an SBA loan with First National Bank, Sallisaw worked out well for our friends at one local business in Fort Smith, Arkansas. They got an SBA loan for $85,500. Nice! SBA Loan Borrower COMPANY TYPE: DATA PROCESSING, HOSTING, AND RELATED SERVICES SBA Loan Lender FIRST NATIONAL BANK, SALLISAW The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 518210 - Data Processing, Hosting, and Related Services Loan Approval Date 10/16/2003 Loan Approval Gross Amount $85,500 Loan Approval from the SBA Of the total $85,500 loan amount, the SBA guaranteed $42,750. 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 18 employees. The SBA loan documents indicated that the loan would help generate 1 new job. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank, Sallisaw and they will explain how you can get an SBA loan for your company. 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: Role of Business Plan When Raising Money Find an SBA Lender in Sallisaw, Oklahoma
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