Loans Issued BY Generations Bank

Loan Amount Company Name Location Lender
$1-2M ARKOTEX, INC. Siloam springs , AR Generations Bank
$350K-1M ARKANSAS MYRIAD INCORPORATED Fayetteville , AR Generations Bank
$350K-1M ARMI MANAGEMENT CORPORATION Fayetteville , AR Generations Bank
$350K-1M ARMI MANUFACTURING OF NWA, LLC Fayetteville , AR Generations Bank
$350K-1M CABUN RURAL HEALTH SERVICES, INC. Hampton , AR Generations Bank
$350K-1M DEAN MCNEEL DDS Fayetteville , AR Generations Bank
$350K-1M LIFE WAY CHRISTIAN SCHOOL Centerton , AR Generations Bank
$350K-1M MORRELL MANUFACTURING, INC. Alma , AR Generations Bank
$350K-1M SEMAHTRONIX LLC Flippin , AR Generations Bank
$350K-1M SOUTHEAST ARKANSAS BEHAVIORAL HEALTHCARE SYSTEMS, INC. Pine bluff , AR Generations Bank
$350K-1M TEAM DIRECT MANAGEMENT, LLC Rogers , AR Generations Bank
$350K-1M THE WHISTLER GROUP, INC. Bentonville , AR Generations Bank
$350K-1M TIM JORDAN COMPANY INC AND BSC Camden , AR Generations Bank
$350K-1M WOS BENTON, LLC Rogers , AR Generations Bank
$150K-350K A&B TIMBER, INC. Harrell , AR Generations Bank
$150K-350K ADVANCED ENERGY INC. Gentry , AR Generations Bank
$150K-350K CENTER FOR CHILD DEVELOPMENT & FAMILY EDUCATION Alma , AR Generations Bank
$150K-350K COATINGS INSULATION AND ASBESTOS Camden , AR Generations Bank
$150K-350K DOUTHIT TIE & LUMBER CO INC Camden , AR Generations Bank
$150K-350K ELEVATION REAL ESTATE AND MANAGEMENT, LLC Springdale , AR Generations Bank
$150K-350K FIRST BAPTIST CHURCH OF FAYETTEVILLE Fayetteville , AR Generations Bank
$150K-350K GATLING'S COOLING & HEATING INC Camden , AR Generations Bank
$150K-350K HARRINGTON, MILLER, KIEKLAK, EICHMANN AND BROWN Springdale , AR Generations Bank
$150K-350K JIM GOLDEN FORD LINCOLN, LLC Camden , AR Generations Bank
$150K-350K NWA PIZZA LLC Fayetteville , AR Generations Bank
$150K-350K PATRIOT METALS, LLC Rogers , AR Generations Bank
$150K-350K R & R FACILITY MANAGEMENT, LLC Mountain home , AR Generations Bank
$150K-350K ROMA UNITED, LLC Fayetteville , AR Generations Bank
$150K-350K ROUTE 71 HOSPITALITY MANAGEMENT, LLC Rogers , AR Generations Bank
$150K-350K S&W PACKAGING Alma , AR Generations Bank
$150K-350K SMACKOVER MOTORS, INC Smackover , AR Generations Bank
$150K-350K SORRELLS SAWMILL INC. Sparkman , AR Generations Bank
$150K-350K STEPHENS PAPER COMPANY LLC Stephens , AR Generations Bank
$150K-350K STINNETT & SCARBROUGH, P.A. Siloam springs , AR Generations Bank
$150K-350K T&T MACHINE CO., INC. Van buren , AR Generations Bank

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.