Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Bank Of Rogers Small Business Loan

 

 
Loan Census SBA Loan Info

Concrete Contractors SBA Loans

With these SBA loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $102,500 was given to an Arkansas entrepreneur in 2000.

This business knew how to go about getting a business bank loan. Based in Rogers, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Of Rogers, based in Rogers, Arkansas.

SBA Loan Borrower

COMPANY TYPE: CONCRETE WORK
ROGERS, AR 72756

SBA Loan Lender

BANK OF ROGERS
801 NORTH DIXIELAND
ROGERS, AR 72756

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1771 - Concrete Work

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

8/22/2000

Loan Approval Gross Amount

$102,500

Loan Approval from the SBA

Of the total $102,500 loan amount, the SBA guaranteed $76,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 20 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Rogers so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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