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April 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > North Little Rock, Business Loans > Natl Bank - Arkansas In No. Litt North Little Rock Business Loans > Optometrists Loan | ||||
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Arkansas Small Business Funding
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Optometrists Bank LoansLooking for bank loans for optometrists? Try the SBA. This $95,000 optometrists loan was issued by an Arkansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Maumelle, Arkansas was able to borrow $95,000 from Natl Bank - Arkansas In No. Litt. The SBA made the loan possible by guaranteeing $80,750 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender NATL BANK - ARKANSAS IN NO. LITT This lender issued this particular commercial 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 621320 - Optometrists Loan Approval Date 8/31/2004 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are interested in getting 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Natl Bank - Arkansas In No. Litt and they will explain how you can get an SBA loan for your company. 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 in North Little Rock, Arkansas
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