SBA Activity Down in Northwest Arkansas
by January 21, 2013 12:00 am 71 views
Activity, in terms of 7A U.S. Small Business Administration-guaranteed loans made by lenders with offices in Northwest Arkansas, was down more than 30 percent in 2012.
That’s according to data provided the SBA’s Arkansas district office. A total of 140 loans that matched the above criteria were made during the SBA’s 2012 fiscal year, down from 213 in 2011.
Not included on the list are seven loans made to Northwest Arkansas borrowers from out-of-state institutions. The loans’ total value was more than $2.9 million.
The loans were made to unspecified borrowers in Bentonville, Elkins and Lowell. The lenders were Central National Bank of Enid, Okla., First Oklahoma Bank of Tulsa, First State Bank of Tahlequah, Okla., Southwest Missouri Bank of Carthage and The Farmers & Merchants Bank in Stuttgart.