Entrepreneur Works With Rogers, Arkansas Bank to Get an SBA Loan

Want to talk with a Rogers, Arkansas bank about a small business loan? Here's one Arkansas business loan, issued by a Rogers bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Rogers worked out well for our friends at one local firm in Rogers, Arkansas. They received an SBA loan for $10,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: LAWYERS
ROGERS, AR 72756

SBA Loan Lender

BANK OF ROGERS
801 NORTH DIXIELAND
ROGERS, AR 72756

This lender issued this particular 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.

NAICS Code

541110 - Lawyers

Loan Approval Date

10/9/2001

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $8,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Rogers and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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SBA Approved Banks in Rogers, Arkansas

Getting an SBA Loan in Arkansas