Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Business Loan Rison, Arkansas

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Rison, Arkansas who are interested in getting a bank loan.

Local Rison Business Lenders

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

Small Business Bank Recent SBA Loans
Bank of Rison  
Fordyce Bank & Trust CO  

Other Lending Resources for Rison Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1

Tips for Getting a Business Loan in Rison

Prior to contacting banks to discuss getting 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

A well-defined business plan is is critically important. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 to guarantee the loan with 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 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.

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Business Loan Sources for Other Cities in Arkansas
Get a Business Loan in Pocahontas
Get a Business Loan in Rogers

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