We wrote this article for entrepreneurs in North Little Rock, Arkansas who are interested in getting debt financing.
Local North Little Rock Banks
To assist you in finding a small business banker, here's our list of small business banks in North Little Rock.
Small Business Bank |
Recent SBA Loans |
Arkansas Federal Credit Union |
|
Bank Of America |
|
Bank of Little Rock |
|
Bank of the Ozarks |
|
Capital Bank |
|
First Arkansas Bank & Trust |
|
Investment Professionals Inc - Metropolitan National Bank Branches |
|
Metropolitan National Bank - Branch & Banks- Indian Hills Kroger |
|
Metropolitan National Bank - Branch & Banks- Levy |
|
Metropolitan National Bank - Branch & Banks- McCain |
|
National Bank of Arkansas |
|
Natl Bank - Arkansas In No. Litt |
6 |
NBA |
|
Onebanc |
|
Pulaski Bank - Branches- North Little Rock |
|
Regions Bank - Branch Banks- North Little Rock- Financial Lakewood |
|
Regions Bank - Branch Banks- North Little Rock- JFK Branch |
|
Twin City Bank |
40 |
U S Bank - Branch Offices- North Little Rock- Burns Park Office |
|
U S Bank - Branch Offices- North Little Rock- Lakewood Office |
|
U S Bank - Branch Offices- North Little Rock- Levy Office |
|
U S Bank - Branch Offices- North Little Rock- McCain Boulevard Office |
|
U S Bank - Branch Offices- North Little Rock- North Hills Office |
|
U S Bank - Branch Offices- North Little Rock- One Riverfront Place Of |
|
U S Bank - Branch Offices- North Little Rock- Rose City Office |
|
U S Bank - Subsidiaries & Divisions- Personal Trust & Management |
|
U.S. Bank National Association |
4 |
US Bank |
|
Lenders for North Little Rock Businesses
This is a list of banks outside of North Little Rock, Arkansas that have provided SBA loans to North Little Rock businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Arkansas Capital Corporation
Little Rock, AR |
4 |
Arvest Bank
Fort Smith, AR |
1 |
Arvest Bank
Tulsa, OK |
1 |
Banco Popular North America
New York City, NY |
1 |
Bank - America California
Rancho Cordova, CA |
1 |
Bank Of America
Charlotte, NC |
8 |
Bank Of Little Rock
Little Rock, AR |
1 |
Bank Of The Ozarks
Little Rock, AR |
1 |
Capital One
Mclean, VA |
6 |
Cit Small Business Lending Corp
Livingston, NJ |
1 |
Community Bank
Cabot, AR |
2 |
Community Bank
Jacksonville, AR |
1 |
Community So. Bank D.b.a Commun
Parsons, TN |
1 |
Eagle Bank And Trust Company
Sherwood, AR |
1 |
First State Bank
Conway, AR |
1 |
Innovative Bank
Oakland, CA |
3 |
Metropolitan National Bank
Little Rock, AR |
31 |
Nara Bank
Los Angeles, CA |
1 |
Pulaski Bank & Trust Company
Little Rock, AR |
1 |
Simmons First National Bank
Pine Bluff, AR |
1 |
Summit Bank
Little Rock, AR |
1 |
Twin City Bank
Little Rock, AR |
1 |
Twin City Bank
Sherwood, AR |
2 |
U.S. Bank National Association
Cincinnati, OH |
9 |
Ups Capital Business Credit
Windsor, CT |
1 |
Wilshire State Bank
Los Angeles, CA |
1 |
Tips for Getting a Business Loan in North Little Rock
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 introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.
A well-defined business plan is an important prerequisite. 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 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 these banks 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.
Gaebler.com Advice on Raising Money
Our Gaebler.com site is devoted to supporting entrepreneurs, and we have a
lot of information pertaining to to Raising
Money. To learn more, one article that might be of interest to you is 504 Loans.
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