Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Business Loan Lowell, Arkansas

 
Loan Census SBA Loan Info

Small business loans in Lowell, Arkansas are available. You just need to talk to the right bank.

These materials were prepared for small business owners in Lowell, Arkansas who are interested in getting debt financing.

Local Lowell Lending Resources

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

Small Business Bank Recent SBA Loans
Arvest Bank  
Bank of Rogers-Lowell  
Firstsecurity Bank  

Lenders for Lowell Businesses

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

Small Business Bank Recent SBA Loans
Anb Finan
Bentonville, AR
4
Arvest Bank
Fayetteville, AR
2
Arvest Bank
Tulsa, OK
2
Arvest Trust
Springdale, AR
1
Bank Of America
Charlotte, NC
2
Bank Of Rogers
Rogers, AR
1
First Western Bank
Booneville, AR
1

Tips for Getting a Business Loan in Lowell

Before contacting banks to discuss getting 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the financing 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 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 pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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