Loan Census Banking News and Information
May 5, 2021  
 
 
  Business Loan Information  
 

Jacksonville, Arkansas Business Loan

 
Loan Census SBA Loan Info

Looking for a Jacksonville, 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.

This article is written specifically for entrepreneurs in Jacksonville, Arkansas who are interested in getting a bank loan.

Local Jacksonville Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Jacksonville.

Small Business Bank Recent SBA Loans
Arkansas Federal Credit Union - Air Force Base Branch-Jacksonville  
Bank Of America  
Community Bank 2
First Arkansas Bank And Trust 3
First Arkansas Mortgage Company  
Firstar  
Metropolitan National Bank  
Superior Bank  
U S Bank - Branch Offices- Jacksonville- Jacksonville Office  

Banks that Lend to Jacksonville Businesses

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

Small Business Bank Recent SBA Loans
Arkansas Capital Corporation
Little Rock, AR
2
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
1
Community Bank
Cabot, AR
3
Eagle Bank And Trust Company
Little Rock, AR
1
First Security Bank
Searcy, AR
1
First State Bank
Conway, AR
1
Innovative Bank
Oakland, CA
1
Metropolitan National Bank
Little Rock, AR
2
Natl Bank - Arkansas In No. Litt
North Little Rock, AR
1
Simmons First National Bank
Pine Bluff, AR
2
U.S. Bank National Association
Cincinnati, OH
2

Jacksonville Business Loan Advice

Before reaching out to 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 capital is to for a going concern, 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 you cannot repay the loan.

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 participate in the financial assistance programs available through the SBA. Before meeting with the 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. For starters, we suggest you read Borrowing Money from Friends and Family.

More Business Lender Lists for Arkansas Cities
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Get a Business Loan in Jonesboro

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