First Commun Bank - Crawford Cnt Gives Small Business Loan to Commercial Screen Printing Company

Bank loans in Arkansas are hard to find these days. We take a look at one Arkansas bank loan, provided by an Arkansas bank, that was approved by the SBA.

Getting a small business loan in Van Buren, Arkansas was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First Commun Bank - Crawford Cnt. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL SCREEN PRINTING
VAN BUREN, AR 72956

SBA Loan Lender

FIRST COMMUN BANK - CRAWFORD CNT
2925 ALMA HWY, STE A
VAN BUREN, AR 72956

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323113 - Commercial Screen Printing

Loan Approval Date

3/31/2005

Loan Approval Gross Amount

$218,000

Loan Approval from the SBA

Of the total $218,000 loan amount, the SBA guaranteed $163,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Commun Bank - Crawford Cnt are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

How to Raise Money

Where to Get an SBA Loan in Van Buren, Arkansas

Arkansas SBA 7A Banks