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| Entrepreneur Resources | Arvest Bank Fayetteville Business Loans | ||||
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SBA Lender Fayetteville, Arkansas
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Fayetteville, Arkansas Lender Lends Money to Siegi's Sausage FactoryGet SBA loans from a Fayetteville, Arkansas bank that knows how to treat small business owners right! If Siegi's Sausage Factory can get a loan, there's no reason you can't do it too.
Arvest Bank is a Fayetteville, Arkansas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Siegi's Sausage Factory an Oklahoma company. SBA Loan Borrower SIEGI'S SAUSAGE FACTORY SBA Loan Lender ARVEST BANK This bank 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. SIC Code 2013 - Sausages and Other Prepared Meat Products NAICS Code 311612 - Meat Processed from Carcasses Loan Approval Date 3/3/2003 Loan Approval Gross Amount $280,000 Loan Approval from the SBA Of the total $280,000 loan amount, the SBA guaranteed $210,000. More Information on This SBA Loan The borrower, Siegi's Sausage Factory, 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 16 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this Siegi's Sausage Factory loan from Arvest Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Family and Friend Investors - Your First Financiers Best Fayetteville, Arkansas Banks for Small Business Getting an SBA Loan in Arkansas If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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