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March 28, 2024  
 
 
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Little Rock, Arkansas SBA Lenders

 

 
Loan Census SBA Loan Info

Little Rock, Arkansas Bank Gives SBA Loan to Commercial And Industrial Machinery And Equipment Rental And Leasing Company

A Little Rock, Arkansas small business loan can be yours. Learn how one firm got a $361,700 business loan from this Arkansas bank.

This loan to a local firm is a good example of an SBA loan. Twin City Bank made the loan and the SBA guaranteed a portion of the loan. Many other Arkansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
NORTH LITTLE ROCK, AR 72118

SBA Loan Lender

TWIN CITY BANK
13910 CANTRELL RD
LITTLE ROCK, AR 72223

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

3/14/2007

Loan Approval Gross Amount

$361,700

Loan Approval from the SBA

Of the total $361,700 loan amount, the SBA guaranteed $271,275.

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 documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Investor Turnoffs

SBA Banks in Little Rock, Arkansas

Arkansas SBA 7A Lenders