Loan Census Banking News and Information
September 28, 2021  
 
 
  Business Loan Information  
 

Walnut Ridge, Arkansas Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Walnut Ridge, Arkansas, we've assembled a list of local small business banks that you should contact.

Local Walnut Ridge Lenders

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

Small Business Bank Recent SBA Loans
First Community Bank  
First National Bank of Walnut Ridge - Bookkeeping  
First National Bank of Walnut Ridge - First Access  
Regions Bank  
Time Temperature  

SBA Lenders for Walnut Ridge Businesses

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

Small Business Bank Recent SBA Loans
Liberty Bank Of Arkansas
Jonesboro, AR
1

Walnut Ridge Bank Loan Tips

Before reaching out to banks for a 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the 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 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 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read 504 Loans.

More Business Lender Lists for Arkansas Cities
Get a Business Loan in Van Buren
Get a Business Loan in Warren

Browse All Business Loan Sources for Arkansas