Company Gets an Arkansas Bank Loan
SBA loans in Arkansas are tough to come by these days. We take a look at one Arkansas SBA loan, provided by an Arkansas bank, that was approved by the SBA.
Getting a small business loan in Prescott, Arkansas was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Nevada Cnty Branch Bank - Deligh. Here are the details on this Arkansas small business loan.
SBA Loan Borrower
COMPANY TYPE: PHOTOGRAPHIC STUDIOS, PORTRAIT
PRESCOTT, AR 71857
SBA Loan Lender
NEVADA CNTY BRANCH BANK - DELIGH
HWYS 24 & 19
PRESCOTT, AR 71857
This lender issued this particular SBA business 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.
7221 - Photographic Studios, Portrait
541921 - Photography Studios, Portrait
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $9,500 loan amount, the SBA guaranteed $7,600.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. This SBA loan request 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
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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