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April 21, 2021  
 
 
  Business Loan Information  
 

Business Loan Centerton, Arkansas

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Centerton, Arkansas who are interested in getting debt financing.

Local Centerton Lending Resources

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

Small Business Bank Recent SBA Loans
Bank of Centerton  
Bank Of Gravett 1

Business Loan Providers for Centerton Businesses

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

Small Business Bank Recent SBA Loans
Anb Finan
Bentonville, AR
1
Anb Finan
Fayetteville, AR
1
Bank Of America
Charlotte, NC
1
Capital One
Mclean, VA
1

Tips for Getting a Business Loan in Centerton

Before contacting banks to get a bank 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, 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 an important prerequisite. If the money is to for a going concern, 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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 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. To get the ball rolling, we recommend you read 504 Loans.

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