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April 24, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Siloam Springs, Business Loans > Arvest Bank Siloam Springs Business Loans > Eating Places Loan | ||||
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Arkansas Bank SBA Loans
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Arvest Bank SBA Loan to Eating Places CompanyLooking to get an Arkansas SBA loan? Here's one Arkansas business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Siloam Springs, Arkansas, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Arvest Bank, based in Siloam Springs, Arkansas. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ARVEST BANK This lender issued this particular SBA small 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. SIC Code 5812 - Eating Places Loan Approval Date 3/2/2000 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in Siloam Springs AR, you ought to talk with a local Siloam Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Siloam Springs businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Arvest Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Arvest Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA Participating Banks in Siloam Springs, Arkansas Getting an SBA Loan in Arkansas
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