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May 2, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Harrison, Business Loans > Community First Bank Harrison Business Loans > Engineering Services Loan | ||||
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Lead Hill, Arkansas Bank for SBA Loans
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Community First Bank Gives SBA Loan to Engineering Services CompanyArkansasSBA loans are available to Arkansas entrepreneurs through the SBA. In this case, an Arkansas bank provides the loan. Getting a small business loan in Lead Hill, Arkansas was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Community First Bank. Here are the details on this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender COMMUNITY FIRST BANK This lender issued this particular small business 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 541330 - Engineering Services Loan Approval Date 5/11/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Lenders in Harrison, Arkansas
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