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

Paragould, Arkansas Business Loan

 
Loan Census SBA Loan Info

Looking for a Paragould, 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.

These materials were prepared for small business proprietors in Paragould, Arkansas who are interested in getting a bank loan.

Local Paragould Business Lenders

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

Small Business Bank Recent SBA Loans
American State Bank  
Bank of Paragould  
First Community Bank  
First National Bank  
Focus Bank 10
Liberty Bank Of Arkansas 2
Regions Bank - Branches- Paragould  
Southern Bank of Commerce  
Unico Bank 1
Union Equity  
Union Planters Bank  

Banks that Lend to Paragould Businesses

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

Small Business Bank Recent SBA Loans
Arkansas Capital Corporation
Little Rock, AR
1
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
2
Business Loan Center, LLC
Richmond, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Community So. Bank D.b.a Commun
Parsons, TN
1
First Delta Bank
Marked Tree, AR
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hanmi Bank
Los Angeles, CA
1
Heritage Bank
Leachville, AR
1
Innovative Bank
Oakland, CA
1
Liberty Bank Of Arkansas
Jonesboro, AR
8
Mainstreet Lender 7(a), LLC
Chevy Chase, MD
1
Regions Bank
Atlanta, GA
2

Paragould Business Loan Advice

As a prerequisite 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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the bank.

Having a business plan is essential. If the loan is to for an existing 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on 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

Our Gaebler.com site is deeply committed to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Angel Investors.

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