We wrote this article for small business proprietors in Bentonville, Arkansas who are interested in getting debt financing.
Local Bentonville Lending Resources
To assist you in finding a small business banker, here's our list of small business banks in Bentonville.
Small Business Bank |
Recent SBA Loans |
Anb Finan |
99 |
Arkansas National Bank |
|
Arvest Bank |
2 |
Bank of America |
|
Chase Manhattan Mortgage Corporation |
|
First Federal |
|
First Western Bank |
1 |
Regions Bank - Bentonville Office |
|
Lenders for Bentonville Businesses
This is a list of banks outside of Bentonville, Arkansas that have provided SBA loans to Bentonville businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Anb Finan
Fayetteville, AR |
1 |
Anb Finan
Rogers, AR |
3 |
Anb Finan
Springdale, AR |
1 |
Arkansas Capital Corporation
Little Rock, AR |
2 |
Arvest Bank
Fayetteville, AR |
5 |
Arvest Bank
Rogers, AR |
3 |
Arvest Bank
Tulsa, OK |
10 |
Bancfirst
Oklahoma City, OK |
1 |
Banco Popular North America
Arlington, TX |
1 |
Bank Of America
Charlotte, NC |
2 |
Bank Of Rogers
Rogers, AR |
3 |
Comerica Bank
Dallas, TX |
1 |
First Financial Bank
Fayetteville, AR |
3 |
First Security Bank
Rogers, AR |
1 |
First Western Bank
Booneville, AR |
3 |
First Western Sblc, Inc
Dallas, TX |
1 |
Liberty Bank
Springfield, MO |
1 |
Liberty Bank Of Arkansas
Jonesboro, AR |
1 |
Metropolitan National Bank
Little Rock, AR |
2 |
Ncb, FSB
Hillsboro, OH |
1 |
Onb Bank And Trust Company
Tulsa, OK |
1 |
Regions Bank
Atlanta, GA |
1 |
Tips for Getting a Business Loan in Bentonville
Prior to contacting banks to discuss getting 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.
Having a business plan is is critically important. If the bank loan 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 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, the bank may ask you to 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 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.
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Money, you need to learn as much as you can. If you haven't read it
already, we recommend you review
504 Loans.
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