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April 23, 2021  
 
 
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Business Loan Leslie, Arkansas

 
Loan Census SBA Loan Info

Looking for a Leslie, 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 small business proprietors in Leslie, Arkansas who are interested in getting a small business loan.

Local Leslie Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Leslie.

Small Business Bank Recent SBA Loans
Union Planters Bank NA  

Other Lending Resources for Leslie Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1

Tips for Getting a Business Loan in Leslie

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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Having a business plan is is critically important. If the capital 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 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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

Invest the time to learn as much as you can about Raising Money. For starters, we suggest you read Attracting Investors.

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