Loan Census Banking News and Information
February 20, 2024  
  Business Loan Information  

Business Loan Batesville, Arkansas

Loan Census SBA Loan Info

Getting a business loan in Batesville, Arkansas seems challenging at first, but we're here to help you get started.

These materials were prepared for small business proprietors in Batesville, Arkansas who are interested in getting debt financing.

Local Batesville Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Batesville.

Small Business Bank Recent SBA Loans
Bank Of America  
Citizens Bancshares - Batesvil 1
Citizens Bank of Batesville - Bookkeeping Customer Service  
Citizens Bank of Batesville - Branch Locations- Downtown Motor Bank  
Citizens Bank of Batesville - Branch Locations- Harrison St  
Citizens Bank of Batesville - Branch Locations- St Louis & Boswell  
Citizens Bank of Batesville - Branch Locations- Westside  
Citizens Bank of Batesville - Certificates of Deposit  
Citizens Bank of Batesville - Ira Department  
Citizens Bank of Batesville - Main Bank  
Citizens Bank of Batesville - New Accounts  
Citizens Bank of Batesville - Note Department  
Citizens Bank of Batesville - Trust  
First Community Bank 13
First State Bank  
Liberty Bank of Arkansas  
Merchants & Planters Bank  
Regions Bank  
Regions Mortgage  
The Citizens Bank 4

SBA Lenders for Batesville Businesses

This is a list of banks outside of Batesville, Arkansas that have provided SBA loans to Batesville businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Capital One
Mclean, VA
First Financial Bank
El Dorado, AR
First National Banking Company
Ash Flat, AR
Superior Financial Group, LLC
Walnut Creek, CA

Tips for Getting a Business Loan in Batesville

Before contacting banks for a 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to secure 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 to guarantee the loan with 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, 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. Advice on Raising Money

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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