Loan Census Banking News and Information
December 4, 2023  
  Business Loan Information  

Harrisburg, Arkansas Small Business Loans

Loan Census SBA Loan Info

I need a loan for my business in Harrisburg, Arkansas! If that's what's on your mind, you've come to the right place.

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

Local Harrisburg Business Loan Sources

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

Small Business Bank Recent SBA Loans
1st National Bank - Wynne 1
Bank of Harrisburg  
First National Bank of Wynne  
Unico Bank  

Lenders for Harrisburg Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Wynne
Wynne, AR
Regions Bank
Atlanta, GA
Simmons 1st Bank - Jonesboro
Jonesboro, AR

Harrisburg Bank Loan Tips

Prior to 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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. Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

More Business Loan Info for Arkansas
Get a Business Loan in Greenwood
Get a Business Loan in Harrison

Browse All Business Loan Sources for Arkansas