If you are looking for a small business loan and your business is based in Atkins, Arkansas, we've assembled a list of local small business banks that you should contact.
Local Atkins Banks
To help you learn more about local small business lenders, here's our list of small business banks in Atkins.
|Small Business Bank
||Recent SBA Loans
|Bank of Dardanelle
|First Arkansas Valley Bank
Banks that Lend to Atkins Businesses
This is a list of banks outside of Atkins, Arkansas that have provided SBA loans to Atkins businesses. Some of these may be national banks with local branch locations.
Atkins Bank Loan Tips
As a prerequisite to meeting with lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the lender.
Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee the loan. Collateral is relevant because banks always
want to be prepared for a worst-case scenario in which you cannot repay the loan.
If the business has few assets, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report in any case, so hopefully you have good credit history
-- you may want to get a copy of your credit history prior to meeting with the banker.
Many of the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.
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