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May 5, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Arkansas Capital Corporation Little Rock Business Loans > Glass Products, Made Of Purchased Glass Loan | ||||
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Little Rock, Arkansas SBA Lenders
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Little Rock, Arkansas Bank Lends Money to Glass Products, Made Of Purchased Glass Company in Greenwood, ArkansasFind Little Rock, Arkansas banks that specialize in business loans and know how to work with entrepreneurs. Arkansas Capital Corporation is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Greenwood, Arkansas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Arkansas Capital Corporation. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GLASS PRODUCTS, MADE OF PURCHASED GLASS SBA Loan Lender ARKANSAS CAPITAL CORPORATION Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3231 - Glass Products, Made of Purchased Glass NAICS Code 327215 - Glass Product Manufacturing Made of Purchased Glass Loan Approval Date 5/30/2000 Loan Approval Gross Amount $1,030,000 Loan Approval from the SBA Of the total $1,030,000 loan amount, the SBA guaranteed $749,840. 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 16 employees. The loan application indicated that the loan would help generate 30 new jobs and retain 16 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Arkansas Capital Corporation had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Arkansas Capital Corporation made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Banks for Small Business in Little Rock, Arkansas
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