Loan Census Banking News and Information
April 18, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks in Arkansas

 

 
Loan Census SBA Loan Info

Financing for Roofing, Siding, and Sheet Metal Contractors

Looking for loans for roofing, siding, and sheet metal contractors? Try the SBA. This $249,900 roofing, siding, and sheet metal contractors loan was issued by an Arkansas bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Liberty Bank Of Arkansas, out of Mountain Home, Arkansas. The loan was granted and they received $249,900 to help grow their Mountain Home, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS
MOUNTAIN HOME, AR 72653

SBA Loan Lender

LIBERTY BANK OF ARKANSAS
665 HWY 62 NE
MOUNTAIN HOME, AR 72653

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235610 - Roofing, Siding, and Sheet Metal Contractors

Loan Approval Date

1/9/2003

Loan Approval Gross Amount

$249,900

Loan Approval from the SBA

Of the total $249,900 loan amount, the SBA guaranteed $187,425.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 9 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Liberty Bank Of Arkansas so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Small Business Credit Cards

Good Banks for Small Business in Mountain Home, Arkansas

Getting an SBA Loan in Arkansas