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April 25, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Sheridan, Business Loans > The Malvern National Bank Sheridan Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Financing for Fitness and Recreational Sports CentersLooking for loans for fitness and recreational sports centers? The SBA may be the answer. This $83,500 fitness and recreational sports centers loan was issued by an Arkansas bank. Getting a small business loan in Grapevine, Arkansas was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Malvern National Bank, operating out of Sheridan, Arkansas. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender THE MALVERN NATIONAL BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 8/7/2002 Loan Approval Gross Amount $83,500 Loan Approval from the SBA Of the total $83,500 loan amount, the SBA guaranteed $70,975. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $83,500 loan. Remember, anyone can do it... so why not 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. Related Links: Who Lends Money to Small Businesses in Sheridan, Arkansas
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