Loan Census Banking News and Information
June 19, 2021  
 
 
  Business Loan Information  
 

SBA 7A Banks for Ravenden, Arkansas Small Business Owners

 

 
Loan Census SBA Loan Info

Financing for Liquefied Petroleum Gas Dealers

With these loans for liquefied petroleum gas dealers, the SBA guarantees the lender that the loan will be repaid. This liquefied petroleum gas dealers loan for $230,000 was given to an Arkansas entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Ravenden, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Pulaski Bank And Trust Company, based in Imboden, Arkansas.

SBA Loan Borrower

COMPANY TYPE: LIQUEFIED PETROLEUM GAS DEALERS
RAVENDEN, AR 72459

SBA Loan Lender

PULASKI BANK AND TRUST COMPANY
201 E 3RD ST.
IMBODEN, AR 72434

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5984 - Liquefied Petroleum Gas Dealers

NAICS Code

454312 - Liquefied Petroleum Gas Dealers

Loan Approval Date

5/25/2000

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours 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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Best Banks for Small Business in Imboden, Arkansas

Arkansas SBA Banks