Rogers, Arkansas Business Gets SBA-Guaranteed Funding from First Security Bank
First Security Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Arkansas entrepreneur who tapped into the power of SBA loans.
This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Security Bank, out of Springdale, Arkansas. The loan was granted and they received $47,000 to help grow their Rogers, Arkansas business.
SBA Loan Borrower
COMPANY TYPE: PHYSICIANS
ROGERS, AR 72756
SBA Loan Lender
FIRST SECURITY BANK
100 W EMMA AVE
SPRINGDALE, AR 72764
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
621111 - Physicians
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $47,000 loan amount, the SBA guaranteed $39,950.
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 only one employee. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Security Bank and they will explain how you can get an SBA loan for your company.
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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