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June 19, 2021  
 
 
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Small Business Banks in Arkansas

 

 
Loan Census SBA Loan Info

Health and Personal Care Stores Commercial Loans

Looking for commercial loans for health and personal care stores? The SBA may be the answer. This $350,000 health and personal care stores loan was issued by an Arkansas bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Commun Bank - Eastern Arka, out of Marion, Arkansas. The loan was granted and they received $350,000 to help grow their West Memphis, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: HEALTH AND PERSONAL CARE STORES
WEST MEMPHIS, AR 72301

SBA Loan Lender

FIRST COMMUN BANK - EASTERN ARKA
205 BLOCK ST
MARION, AR 72364

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446199 - Health and Personal Care Stores

Loan Approval Date

10/27/2005

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 2 employees. The SBA loan documents did not indicate that the company planned 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?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $350,000 loan. Remember, things become real when you believe you can achieve them!

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:

Choosing VC Firms

Where to Get an SBA Loan in Marion, Arkansas

Where to Get an SBA Loan Arkansas