Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Bradley, Arkansas

 
Loan Census SBA Loan Info

I need a loan for my business in Bradley, Arkansas! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Bradley, Arkansas, we've put together a list of local small business banks that you should contact.

Local Bradley Business Loan Sources

Without further adieu, here's our list of small business banks in Bradley.

Small Business Bank Recent SBA Loans
Community State Bank  

SBA Lenders for Bradley Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank & Trust Company
Springhill, LA
1

Business Loan Advice for Bradley Businesses

Prior to meeting with banks 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 bank.

Being able to present a well-written business plan is essential. If the capital 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 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 the banks in our list 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 get up to speed 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Only Idiots Send Venture Capitalists Business Plans.

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