Loan Census Banking News and Information
February 23, 2024  
  Business Loan Information  

White Hall, Arkansas Business Loan

Loan Census SBA Loan Info

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

We wrote this article for small business owners in White Hall, Arkansas who are interested in getting a small business loan.

Local White Hall Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank of Star City  
Pine Bluff National Bank - Branch Banks- White Hall Branch  
Simmonsfirstnational Bank - Dollarway Branch  
Simmonsfirstnational Bank - White Hall Branch  
White Hall Financial Center Andtson CHPL Fnncl Center  

Lenders for White Hall Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Capital One
Mclean, VA
Elk Horn Bank & Trust Company
Arkadelphia, AR
First State Bank
Martin, TN
Pine Bluff National Bank
Pine Bluff, AR
Simmons First National Bank
Pine Bluff, AR
Superior Financial Group, LLC
Walnut Creek, CA

White Hall Business Loan Advice

Prior to reaching out to banks to get a bank 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 plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for a company that is already doing business, 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 secure the business 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 is a site that is passionate about aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read Business Line of Credit.

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