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April 20, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Siloam Springs, Business Loans > Arvest Bank Siloam Springs Business Loans > Broilers And Meat Type Loan | ||||
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Siloam Springs, Arkansas SBA 7A Banks
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Siloam Springs, Arkansas Lender Lends Money to Broilers And Meat Type CompanyThinking about meeting with a Siloam Springs, Arkansas bank about an SBA loan? Here's one Arkansas business loan, issued by a Siloam Springs bank, that was approved by the SBA. Applying for an SBA loan with Arvest Bank worked out well for our friends at one local business in Gravette, Arkansas. They received an SBA loan for $1,813,000. Way to go! SBA Loan Borrower COMPANY TYPE: BROILERS AND MEAT TYPE SBA Loan Lender ARVEST BANK This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 9/27/2004 Loan Approval Gross Amount $1,813,000 Loan Approval from the SBA Of the total $1,813,000 loan amount, the SBA guaranteed $1,359,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Arvest Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: Small Bank Loans in Siloam Springs, Arkansas
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