Loan Census Banking News and Information
September 22, 2021  
 
 
  Business Loan Information  
 

Van Buren, Arkansas Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Van Buren, Arkansas seems challenging at first, but we're here to help you get started.

We wrote this article for small business owners in Van Buren, Arkansas who are interested in getting a bank loan.

Local Van Buren Lending Resources

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

Small Business Bank Recent SBA Loans
Bancorpsouth - Van Buren  
Bank of the Ozarks  
Citizens Bank & Trust CO  
Diebold Inc  
F & E Check Protector CO  
First Commun Bank - Crawford Cnt 2
First Community Bank of Crawford County  
Simmons National Bank  
Superior Bank -  
U S Bank - Branch Offices- Van Buren- Cloverleaf Office  
U S Bank - Branch Offices- Van Buren- Pointer Trail Office  
U S Bank - Branch Offices- Van Buren- Van Buren 6th & Webster Office  

Other Lending Resources for Van Buren Businesses

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

Small Business Bank Recent SBA Loans
Anb Finan
Bentonville, AR
2
Anb Finan
Fayetteville, AR
2
Arkansas Capital Corporation
Little Rock, AR
1
Arvest Bank
Tulsa, OK
1
Bancorpsouth Bank
Fort Smith, AR
1
Benefit Bank
Fort Smith, AR
3
Capital One
Mclean, VA
1
Community Bank
Cabot, AR
1
First National Bank, Sallisaw
Sallisaw, OK
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Irwin Franchise Cap. Corp
Montvale, NJ
1
Regions Bank
Atlanta, GA
1
The Community State Bank
Poteau, OK
1
U.S. Bank National Association
Cincinnati, OH
4

Van Buren Business Loan Advice

Before meeting with lenders 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 introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the lender.

Being able to present a well-written business plan is essential. If the financing 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, you will likely be asked to secure the business with 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 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.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is all about 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 504 Loans.

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