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

Small Business Lenders in Gravette, Arkansas

 
Loan Census SBA Loan Info

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

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

Local Gravette Business Loan Sources

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

Small Business Bank Recent SBA Loans
Arvest - Gravette  
Arvest Bank  
Bank Of Gravett 2
Delta Trust  
First Gravette  
Northwest National Bank - Northwest Online  

Banks that Lend to Gravette Businesses

This is a list of banks outside of Gravette, Arkansas that have provided SBA loans to Gravette 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
Rogers, AR
1
Arkansas Capital Corporation
Little Rock, AR
1
Arvest Bank
Fayetteville, AR
1
Arvest Bank
Siloam Springs, AR
2
Cit Small Business Lending Corp
Livingston, NJ
1
First Financial Bank
El Dorado, AR
1
Innovative Bank
Oakland, CA
1

Business Loan Advice for Gravette Businesses

As a prerequisite to contacting banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the money is to for a company that is already doing 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 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 these banks are SBA lenders. Prior to visiting local banks, you may want to read up on 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 started, we suggest you read 504 Loans.

Business Loan Sources for Other Cities in Arkansas
Get a Business Loan in Fort Smith
Get a Business Loan in Greenwood

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