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

Arkansas Small Business SBA Loans


Loan Census SBA Loan Info

Harrison, Arkansas Entrepreneur Gets a Small Business Loan

Want an Arkansas bank loan? This Arkansas entrepreneur got a bank loan, provided by an Arkansas bank that works with the SBA to help small business owners.

Getting a small business loan in Harrison, Arkansas was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank. Here are the details on this Arkansas small business loan.

SBA Loan Borrower


SBA Loan Lender

167 W HWY 14

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.


561421 - Telephone Answering Services

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $157,500 loan amount, the SBA guaranteed $118,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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.

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