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May 3, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Metropolitan National Bank Little Rock Business Loans > Jewelry Stores Loan | ||||
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Good Banks for Little Rock Entrepreneurs
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SBA Loans for Jewelry StoresLooking for SBA loans for jewelry stores? Talk to a banker who works with the SBA. This $250,000 jewelry stores loan was issued by an Arkansas bank. This business knew how to go about getting a business bank loan. Based in Little Rock, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Metropolitan National Bank, based in Little Rock, Arkansas. SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender METROPOLITAN NATIONAL BANK This 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 448310 - Jewelry Stores Loan Approval Date 4/9/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 7 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks in Little Rock, Arkansas
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