If you are hoping to get a small business loan and your business is based in Lakeview, Arkansas, we've put together a list of local small business banks that you should contact.
Local Lakeview Lending Resources
To assist you in finding a small business banker, here's our list of small business banks in Lakeview.
|Small Business Bank
||Recent SBA Loans
|First National Bank & Trust CO of Mountain Home - Main Office- Lakeview Br
Business Loan Providers for Lakeview Businesses
This is a list of banks outside of Lakeview, Arkansas that have provided SBA loans to Lakeview businesses. Some of these may be national banks with local branch locations.
Lakeview Bank Loan Tips
Prior to contacting 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 is critically important. If the financing is to for a company that is already doing business, 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 are SBA lenders. 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
Gaebler.com is a site that is devoted to providing advice to entrepreneurs, and we have a
lot of useful articles about to Raising
Money. For example, one article that might be of interest to you is Business Cash Advances.
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