Loan Census Banking News and Information
May 25, 2024  
 
 
  Business Loan Information  
 

Springdale, Arkansas Bank Loan

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Amusement Arcades

Looking for small business loans for amusement arcades? An SBA loan may be just what you've been looking for. This $240,000 amusement arcades loan was issued by an Arkansas bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of Gravett, out of Centerton, Arkansas. The loan was granted and they received $240,000 to help grow their Springdale, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT ARCADES
SPRINGDALE, AR 72762

SBA Loan Lender

BANK OF GRAVETT
192 E CENTERTON BLVD
CENTERTON, AR 72719

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713120 - Amusement Arcades

Loan Approval Date

4/6/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Realistic Debt Financing Options

SBA 7A Banks for Centerton, Arkansas Loans

Arkansas SBA 7A Lenders