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April 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Mountain Home, Business Loans > Liberty Bank Of Arkansas Mountain Home Business Loans > Marinas Loan | ||||
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Banks for Gamaliel, Arkansas Small Businesses
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Borrowing Money for MarinasLooking for small business loans for marinas? The SBA may be the answer. This $462,000 marinas loan was issued by an Arkansas bank. Getting a small business loan in Gamaliel, Arkansas was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Liberty Bank Of Arkansas, operating out of Mountain Home, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: MARINAS SBA Loan Lender LIBERTY BANK OF ARKANSAS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4493 - Marinas NAICS Code 713930 - Marinas Loan Approval Date 7/17/2003 Loan Approval Gross Amount $462,000 Loan Approval from the SBA Of the total $462,000 loan amount, the SBA guaranteed $346,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: Realistic Debt Financing Options SBA 7A Banks for Mountain Home, Arkansas Loans
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