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May 5, 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 > Computer And Computer Software Stores Loan | ||||
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SBA Lender Jonesboro
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Jonesboro, Arkansas Business Gets SBA-Guaranteed Funding from Arkansas Capital CorporationArkansas Capital Corporation and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arkansas entrepreneur was able to get a loan to take a small business to the next level. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Arkansas Capital Corporation, out of Little Rock, Arkansas. The loan was granted and they received $100,000 to help grow their Jonesboro, Arkansas business. SBA Loan Borrower COMPANY TYPE: COMPUTER AND COMPUTER SOFTWARE STORES SBA Loan Lender ARKANSAS CAPITAL CORPORATION This commercial loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5734 - Computer and Computer Software Stores NAICS Code 443120 - Computer and Software Stores Loan Approval Date 6/16/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. 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 10 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Arkansas Capital Corporation had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Arkansas Capital Corporation made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 7A Banks for Little Rock, Arkansas Loans
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