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

Small Business Lenders in Cave City, Arkansas

 
Loan Census SBA Loan Info

Looking for a Cave City, 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.

If you are looking for a small business loan and your business is based in Cave City, Arkansas, we've put together a list of local small business banks that you should contact.

Local Cave City Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of Cave City 4
First Community Bank  

Lenders for Cave City Businesses

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

Small Business Bank Recent SBA Loans
Arkansas Capital Corporation
Little Rock, AR
1
Bank Of America
Charlotte, NC
2

Business Loan Advice for Cave City Businesses

Before meeting with banks for a loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the financing is to for a going concern, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history 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 meeting with the 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.

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