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April 19, 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 > Data Processing, Hosting, And Related Services Loan | ||||
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Little Rock, Arkansas Bank for SBA Loans
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Growing Company Gets an Arkansas Small Business LoanLooking to get an Arkansas bank loan? This Arkansas entrepreneur got a bank loan, provided by an Arkansas bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Little Rock, Arkansas by studying this loan to a local company, made back in 2005. Banks like Arkansas Capital Corporation may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: DATA PROCESSING, HOSTING, AND RELATED SERVICES SBA Loan Lender ARKANSAS CAPITAL CORPORATION This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 518210 - Data Processing, Hosting, and Related Services Loan Approval Date 9/29/2005 Loan Approval Gross Amount $1,687,000 Loan Approval from the SBA Of the total $1,687,000 loan amount, the SBA guaranteed $1,130,290. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 62 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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 $1,687,000 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: Where to Get an SBA Loan in Little Rock, Arkansas
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