Loan Census Banking News and Information
May 25, 2024  
 
 
  Business Loan Information  
 

Arkansas Small Business Funding

 

 
Loan Census SBA Loan Info

Business Loans for Certified Public Accountants

With these business loans for certified public accountants, the SBA guarantees the lender that the loan will be repaid. This certified public accountants loan for $375,000 was given to an Arkansas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Harrison, Arkansas was able to borrow $375,000 from Arvest Bank. The SBA made the loan possible by guaranteeing $281,250 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: CERTIFIED PUBLIC ACCOUNTANTS
HARRISON, AR 72601

SBA Loan Lender

ARVEST BANK
401 N WALNUT
HARRISON, AR 72601

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541211 - Certified Public Accountants

Loan Approval Date

1/26/2007

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $375,000. How would you spend $375,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Famous Venture Capitalists

SBA Participating Banks in Harrison, Arkansas

SBA Participating Banks in Arkansas