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May 22, 2024  
 
 
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Arkansas Bank SBA Loans

 

 
Loan Census SBA Loan Info

Arvest Bank SBA Loan to Beauty Salons Company

An SBA loan from Arvest Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rogers, Arkansas business owner got a $32,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Rogers, Arkansas, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Arvest Bank, based in Bentonville, Arkansas.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
ROGERS, AR 72758

SBA Loan Lender

ARVEST BANK
201 NE 'A'' ST
BENTONVILLE, AR 72712

This lender issued this particular 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.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

2/22/2002

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $27,200.

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 32 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, 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.

Related Links:

Accountant's Role in Securing Financing

SBA 7A Lenders in Bentonville, Arkansas

Getting an SBA Loan in Arkansas