Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Cabot, Arkansas Business Loan

 
Loan Census SBA Loan Info

Looking for a Cabot, Arkansas small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

We wrote this article for small business proprietors in Cabot, Arkansas who are interested in getting debt financing.

Local Cabot Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Cabot.

Small Business Bank Recent SBA Loans
Arvest Bank  
Bank of the Ozarks  
Community Bank 25
First Arkansas Bank & Trust  
First Security Bank 2
First State Bank  
Firstsecurity Bank  
Regions Bank  

Business Loan Providers for Cabot Businesses

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

Small Business Bank Recent SBA Loans
Arkansas Capital Corporation
Little Rock, AR
2
Bank Of America
Charlotte, NC
3
Capital One
Mclean, VA
2
Community Bank
Jacksonville, AR
1
Elk Horn Bank & Trust Company
Arkadelphia, AR
1
First Arkansas Bank And Trust
Jacksonville, AR
1
First Security Bank
Searcy, AR
1
First State Bank
Conway, AR
2
Innovative Bank
Oakland, CA
1
Metropolitan National Bank
Little Rock, AR
12
One Bank & Trust
Little Rock, AR
1
U.S. Bank National Association
North Little Rock, AR
1

Cabot Business Loan Advice

Before reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 pledge your personal assets, such as the equity in your home. 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 are SBA lenders. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

Business Loan Sources for Other Cities in Arkansas
Get a Business Loan in Bryant
Get a Business Loan in Camden

Browse All Business Loan Sources for Arkansas