 |
 |
May 3, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Fayetteville, Business Loans > Arvest Bank Fayetteville Business Loans > General Automotive Repair Loan | ||||
 |
||||
Get Commercial Loans in Rogers, Arkansas
|
||||
 |
Arvest Bank Gives Bank Loan to General Automotive Repair CompanyLooking to get an Arkansas small business loan? This Arkansas entrepreneur got a small business loan, provided by an Arkansas bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Rogers, Arkansas by studying this loan to a local company, made back in 2005. Banks like Arvest Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender ARVEST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/18/2005 Loan Approval Gross Amount $770,000 Loan Approval from the SBA Of the total $770,000 loan amount, the SBA guaranteed $577,500. 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Who Lends Money to Small Businesses in Fayetteville, Arkansas
|
|
||
|
||||
|
|
||||