If you are hoping to get a small business loan and your business is based in Blytheville, Arkansas, we've assembled a list of local small business banks that you should contact.
Local Blytheville Lending Resources
To assist you in finding a small business banker, here's our list of small business banks in Blytheville.
SBA Lenders for Blytheville Businesses
This is a list of banks outside of Blytheville, Arkansas that have provided SBA loans to Blytheville businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Arkansas Capital Corporation
Little Rock, AR |
1 |
Business Loan Center, LLC
New York, NY |
2 |
Business Loan Center, LLC
Richmond, VA |
2 |
Capital One
Mclean, VA |
2 |
Ecd Investments Bidco Corp
Monroe, LA |
1 |
Innovative Bank
Oakland, CA |
1 |
Regions Bank
Jonesboro, AR |
1 |
Textron Business Credit, Inc.
Providence, RI |
1 |
Blytheville Bank Loan Tips
Prior to contacting 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.
Being able to present a well-written business plan is is critically important. If the money is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 to guarantee the loan with 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 participate in the financial assistance programs available through the SBA. 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.
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