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April 24, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Wynne, Business Loans > Cross County Bank Wynne Business Loans > Ice Manufacturing Loan | ||||
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I Need an SBA Loan in Wynne, Arkansas
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How to Get a Loan for Ice ManufacturingWith these business loans for ice manufacturing, the SBA guarantees the lender that the loan will be repaid. This ice manufacturing loan for $324,000 was given to an Arkansas entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wynne, Arkansas was able to borrow $324,000 from Cross County Bank. The SBA made the loan possible by guaranteeing $243,000 of this Arkansas small business loan. SBA Loan Borrower COMPANY TYPE: ICE MANUFACTURING SBA Loan Lender CROSS COUNTY BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 312113 - Ice Manufacturing Loan Approval Date 11/21/2002 Loan Approval Gross Amount $324,000 Loan Approval from the SBA Of the total $324,000 loan amount, the SBA guaranteed $243,000. 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 6 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Raising VC Money for Social Networking Companies Who Lends Money to Small Businesses in Wynne, Arkansas
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