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April 25, 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 > Gasoline Stations With Convenience Stores Loan | ||||
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How to Get an SBA 7A Loan in Hot Springs, Arkansas
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Growing Company Gets an Arkansas Bank LoanArkansasBank loans are available to Arkansas firms through the SBA. In this case, an Arkansas bank provides the loan. Getting a small business loan in Hot Springs, Arkansas was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Arkansas Capital Corporation. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender ARKANSAS CAPITAL CORPORATION This commercial loan 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. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 6/5/2003 Loan Approval Gross Amount $277,000 Loan Approval from the SBA Of the total $277,000 loan amount, the SBA guaranteed $207,750. 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 4 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $277,000. How would you spend $277,000 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: Realistic Debt Financing Options SBA Participating Banks in Little Rock, Arkansas Getting an SBA Loan in Arkansas
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