Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Clinton, Arkansas

 
Loan Census SBA Loan Info

Small business loans in Clinton, Arkansas are available. You just need to talk to the right bank.

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

Local Clinton Business Lenders

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

Small Business Bank Recent SBA Loans
Bank of the Ozarks  
First Security Bank  
First Service Bank  
Greers Ferry Lake State Bank  
Simmons First National Bank  

Business Loan Providers for Clinton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1

Business Loan Advice for Clinton Businesses

Before meeting with banks to get 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, 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 an important prerequisite. If the financing is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 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. Prior to visiting local banks, 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.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Getting a Small Business Loan.

More Business Loan Info for Arkansas
Get a Business Loan in Clarksville
Get a Business Loan in Conway

Browse All Business Loan Sources for Arkansas