Loan Census Banking News and Information
November 30, 2023  
  Business Loan Information  

Business Loan Heber Springs, Arkansas

Loan Census SBA Loan Info

Looking for a Heber Springs, 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.

We wrote this article for entrepreneurs in Heber Springs, Arkansas who are interested in getting a small business loan.

Local Heber Springs Banks

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

Small Business Bank Recent SBA Loans
Arvest Bank  
First Security Bank-Heber Springs - Main Bank  
First Team Bank  
Greers Ferry Lake State Bank 1
Heber Springs State Bank 4
U S Bank - Consumer Banking- Subsidiaries & Divisions- Branch Office- Heber Spr  

Banks that Lend to Heber Springs Businesses

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

Small Business Bank Recent SBA Loans
Arkansas Capital Corporation
Little Rock, AR
Capital One
Mclean, VA
Citicapital Small Business Finance
Irving, TX
Mountain 1st Bank & Trust
Hendersonville, NC
U.S. Bank National Association
Cincinnati, OH

Tips for Getting a Business Loan in Heber Springs

Prior to meeting with banks for a 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 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. 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 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 are SBA lenders. 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

Our site is dedicated to supporting small business owners, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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