Simmons First National Bank SBA Loan to Health And Personal Care Stores Company

An SBA loan from Simmons First National Bank 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 $175,000 loan.

This growing company 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 2007. The lending bank was Simmons First National Bank, based in Pine Bluff, Arkansas.

SBA Loan Borrower

COMPANY TYPE: HEALTH AND PERSONAL CARE STORES
FORT SMITH, AR 72901

SBA Loan Lender

SIMMONS FIRST NATIONAL BANK
501 MAIN ST
PINE BLUFF, AR 71601

This lender processed this loan 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

446199 - Health and Personal Care Stores

Loan Approval Date

2/23/2007

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $87,500.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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SBA Banks in Pine Bluff, Arkansas

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