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April 25, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Berryville, Business Loans > Arvest Bank Berryville Business Loans > Hardware Stores Loan | ||||
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Arkansas Small Business Funding
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SBA Loans for Hardware StoresLooking for SBA loans for hardware stores? An SBA loan may be just what you've been looking for. This $160,000 hardware stores loan was issued by an Arkansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Holiday Island, Arkansas was able to borrow $160,000 from Arvest Bank. The SBA made the loan possible by guaranteeing $120,000 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender ARVEST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 6/30/2000 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $120,000. 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 8 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Holiday Island or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - How to Borrow Money
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