Loan Products

Loan ProductsClick the links below to learn about the different types of loan products offered by Arkansas Capital Corporation.

SBA 504 Loans - The SBA 504 loan product supplies permanent long-term financing for the purchase of fixed assets such as commercial real estate and machinery and equipment of a capital nature, which are defined as assets that have a minimum useful life of ten years. Proceeds of 504 loans cannot be used for working capital. The SBA 504 Loan can permanently finance the purchase of real estate, construction or renovation of buildings, and purchase machinery, equipment, furniture, fixtures and project related soft costs. Refinancing of existing debt (limited to 50% of expansion project) may be included in the 504′s total project cost.

SBA 7(a) Loans - SBA guaranteed loans under the 7(a) Loan Guaranty Program are the most popular small business loans available from any federal agency. The name “7(a)” comes from section 7(a) of the Small Business Act, which authorizes the SBA to provide guarantees for small business loans funded by approved lenders. SBA guaranteed loans can be used to purchase or improve owner-occupied commercial real estate, leasehold improvements, machinery and equipment, fixtures and furniture, inventory, and other business assets; to provide working capital; to refinance certain debt; to purchase a business; and to pay loan closing costs.

Express 150 -  The Express 150 loan product offers small business that need between $50,000 and $150,000 with a much faster and efficient application and processing method than traditional forms of financing.

SBA Express Loans - SBA Express loans can be used for the purchase of leasehold improvements, machinery and equipment, fixtures and furniture, inventory and other business assets; to provide working capital; to refinance certain debt; to purchase a business; and to pay loan closing costs. An Express Loan reduces the number of government mandated forms and procedures, streamlines the processing and reduces the cost of small, less complex SBA guaranteed loans.

USDA B&I Loans - This product’s primary purpose is to create and maintain employment and improve the economic and environmental climate in rural Arkansas. Inability to obtain other credit is not a requirement.

VetLoan Advantage - With VetLoan Advantage from Six Bridges Capital Corporation, veterans have access to capital at a lower cost. VetLoan Advantage from Six Bridges Capital Corporation provides businesses with a substantially lower processing fee, allowing more opportunity for veterans to start or expand their businesses with fixed assets.

Conventional Loans - Conventional loans are a straight-forward way to fund the capital needs of your small business should your bank be unable to approve your entire loan request or your needed terms.

 


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