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April 25, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Forrest City, Business Loans > First National Bank - Eastern Arkans Forrest City Business Loans > Physicians, Mental Health Specialists Loan | ||||
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Helena, Arkansas Bank for SBA Loans
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Arkansas Business Loan Issued to Physicians, Mental Health Specialists CompanyWould an Arkansas business loan help your company expand? If so, you may want to talk with this Arkansas bank, which offers SBA loans to Arkansas entrepreneurs. This company, based in Helena, Arkansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First National Bank - Eastern Arkans. We've got the inside scoop on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS, MENTAL HEALTH SPECIALISTS SBA Loan Lender FIRST NATIONAL BANK - EASTERN ARKANS This lender issued this particular loan 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 621112 - Physicians, Mental Health Specialists Loan Approval Date 3/4/2005 Loan Approval Gross Amount $101,700 Loan Approval from the SBA Of the total $101,700 loan amount, the SBA guaranteed $86,445. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $101,700. How would you spend $101,700 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: SBA Banks in Forrest City, Arkansas
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