Loan Census Banking News and Information
February 20, 2024  
  Business Loan Information  

Ozark, Arkansas Small Business Loans

Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Ozark, Arkansas, we've assembled a list of local small business banks that you should contact.

Local Ozark Business Loan Sources

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

Small Business Bank Recent SBA Loans
Allied Bank of Ozark  
Bank of America  
Bank Of The Ozarks 1
Simmons First National Bank  

SBA Lenders for Ozark Businesses

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

Small Business Bank Recent SBA Loans
Arvest Bank
Tulsa, OK
Capital One
Mclean, VA
Metropolitan National Bank
Little Rock, AR

Ozark Bank Loan Tips

Prior to meeting with banks for a loan, you will need to develop the specifics of your loan request.

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 how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the bank loan is to for an existing 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, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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. 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 Attracting Investors.

Business Loan Sources for Other Cities in Arkansas
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