N. Little Rock, Arkansas Business Gets SBA-Guaranteed Funding from Riverside Bank
Riverside Bank has a track record as a leading provider of SBA loans. Find out how this Arkansas entrepreneur received an SBA loan from them.
This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Riverside Bank, out of Little Rock, Arkansas. The loan was granted and they received $734,000 to help grow their N. Little Rock, Arkansas business.
SBA Loan Borrower
COMPANY TYPE: HOTELS AND MOTELS
N. LITTLE ROCK, AR 72117
SBA Loan Lender
1001 W MARKHAM, STE 2 WEST
LITTLE ROCK, AR 72201
This commercial 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.
721110 - Hotels and Motels
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $734,000 loan amount, the SBA guaranteed $550,500.
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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Riverside Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
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