Frequently Asked Questions

35. How much money can I borrow?

The amount of money that you can borrow varies. The amount that you can borrow depends on certain criteria such as how much you state that you require in your business plan, how much collateral or personal investment you are willing to put into the business, and, to some extent, personal credit history. It is up to you to gather the appropriate financial data to make informed projections regarding start up costs. These projections should show you how much you need to borrow and help you determine your ability to repay the debt. However, the decision regarding how much you can borrow rests ultimately with your lender.

Return to our Frequently Asked Questions (FAQ)

Start Your Own Business | Obtaining Small Business Financing

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.