Frequently Asked Questions

3. What assistance does the ASBDC provide to me if I am seeking a small business loan?

The ASBDC can help you throughout the business loan process including assisting you with preparing a loan proposal containing the information that lenders and the SBA need to review when you make a business loan request. The ASBDC can provide information about general issues that lenders consider when evaluating a potential small business loan and can guide you through the process of assembling a good business plan and/or loan proposal that presents your plans clearly. (Frequently, lenders refer loan applicants to the ASBDC for assistance in gathering this information.) If you already have a proposal, we can offer feedback on its contents and any modifications that may be advisable.

The ASBDC is not a decision maker in the lending process. We cannot influence the lender or the SBA in their decision about your loan or negotiate on your behalf when applying for a business loan. The ASBDC does not have any money to loan to individuals or businesses.

The ASBDC recommends that anyone who is considering applying for a small business loan review the following information:

• Obtaining Small Business Financing

• Can I Qualify for a Loan

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The Arkansas Small Business Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran’s status, or disability.