First Financial Bank SBA Loan to Broilers And Meat Type Company
An SBA loan from First Financial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dequeen, Arkansas business owner got a $493,000 loan.
This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Financial Bank, out of Mena, Arkansas. The loan was granted and they received $493,000 to help grow their Dequeen, Arkansas business.
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
DEQUEEN, AR 71832
SBA Loan Lender
FIRST FINANCIAL BANK
524 DEQUEEN ST
MENA, AR 71953
This 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
112320 - Broilers and Meat Type
Loan Approval Date
8/28/2003
Loan Approval Gross Amount
$493,000
Loan Approval from the SBA
Of the total $493,000 loan amount, the SBA guaranteed $369,750.
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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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:
How to Raise Money
SBA Banks in Mena, Arkansas
Getting an SBA Loan in Arkansas