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Home>Arkansas Animal Hospital Opens, Thanks to $20K Small Biz Grant

Arkansas Animal Hospital Opens, Thanks to $20K Small Biz Grant

Arkansas Animal Hospital Opens, Thanks to $20K Small Biz Grant

09/29/2017

Arkansas Animal Hospital Opens, Thanks to $20K Small Biz Grant

Southern Bancorp and FHLB Dallas Provided Funds for Equipment

Arkansas veterinarian Dr. Richard Hughes has opened Hughes Animal Hospital in Malvern, Arkansas, thanks in part to a $20,000 grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Southern Bancorp.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170928006395/en/

Local leadership joined Dr. Richard Hughes and bank representatives at the grand opening of Hughes A ...

Local leadership joined Dr. Richard Hughes and bank representatives at the grand opening of Hughes Animal Hospital today after a $20,000 Economic Development Program Plus grant from Southern Bancorp and FHLB Dallas helped the veterinary clinic open in Malvern, Arkansas. (Photo: Business Wire)

A loan from Southern Bancorp, which was funded by an Economic Development Program (EDP) advance from FHLB Dallas, helped pay for a new 4,800 square-foot building for the veterinary practice. An accompanying $20,000 Economic Development Program Plus (EDPPlus) grant helped the veterinary practice operate from a temporary building and purchase equipment such as an X-ray machine, surgery tables and instruments. Local leadership joined Dr. Hughes and bank representatives at a ribbon cutting and grand opening event today.

“This community’s history and economy are rooted in agriculture so there is a great need for the service Dr. Hughes provides in this area,” said City of Malvern Fire Chief Jeremy Harper. “This grant allows Hughes Animal Hospital fulfill a great need in our community and stimulate the local economy.”

Noncompetitive EDPPlus grants are awarded in conjunction with EDP advances through FHLB Dallas members, like Southern Bancorp. The grants are available on a first-come, first-served basis to promote and enhance small business development and job creation. As a result of the grant, Hughes Animal Hospital will hire three full-time employees.

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