Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Atkins, Arkansas Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Atkins, Arkansas? If so, you'll want to talk to some of these small business lenders in Atkins.

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.

Small Business Bank Recent SBA Loans
Chart Bank
Perryville, AR
1
First Financial Bank
El Dorado, AR
1
First State Bank
Russellville, AR
1
Petit Jean State Bank
Morrilton, AR
2

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.

Gaebler.com Advice on Raising Money

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

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