printable version

Frequently Asked Questions

38. I talked to my lender about applying for a small business loan. He/she suggested I contact the Arkansas Small Business and Technology Development Center. Why?

Lenders often refer their customers to the ASBTDC for assistance in preparing to apply for a small business loan. The ASBTDC uses a methodical, strategic, time tested approach in business planning. Typically, lenders want to see a business plan or loan proposal to make a decision on the loan. A lender may refer their customer for assistance in developing a business plan, loan proposal, or other information needed to apply for a loan. The lender may also feel as though you'd benefit from talking with someone about your small business questions, obtaining guidance on feasibility issues, or gathering information about the industry or market.


Return to our Frequently Asked Questions (FAQ)

Start Your Own Business | Obtaining Small Business Financing

The Arkansas Small Business and Technology 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.