Entrepreneur Works With Jonesboro, Arkansas Bank to Get an SBA Loan

Thinking about meeting with a Jonesboro, Arkansas bank about a business loan? Here's one Arkansas business loan, issued by a Jonesboro bank, that was approved by the SBA.

Applying for an SBA loan with Liberty Bank Of Arkansas worked out well for our friends at one local firm in Jonesboro, Arkansas. They got an SBA loan for $107,500. Nice!

SBA Loan Borrower

COMPANY TYPE: DRAPERY, CURTAIN, AND UPHOLSTERY STORES
JONESBORO, AR 72401

SBA Loan Lender

LIBERTY BANK OF ARKANSAS
2901 E HIGHLAND DR
JONESBORO, AR 72401

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5714 - Drapery, Curtain, and Upholstery Stores

Loan Approval Date

9/8/2000

Loan Approval Gross Amount

$107,500

Loan Approval from the SBA

Of the total $107,500 loan amount, the SBA guaranteed $80,625.

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 2 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Bank Credit Lines

SBA Participating Banks in Jonesboro, Arkansas

Browse All Business Loan Sources for Arkansas