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April 23, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Wrightsville, Arkansas

 
Loan Census SBA Loan Info

Small business loans in Wrightsville, 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 Wrightsville, Arkansas, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Wrightsville Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
1
Metropolitan National Bank
Little Rock, AR
1

Business Loan Advice for Wrightsville Businesses

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

Being able to present a well-written business plan is an important prerequisite. If the capital 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 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 are SBA lenders. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Only Idiots Send Venture Capitalists Business Plans.

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