“I would like to become a business owner, but I don’t think I can get financing.”
“I don’t have sufficient collateral to get the loan for the business I’d love to buy.”
“It will take me years to save the money I need for a downpayment on a business.”
Do these statements sound familiar? Maybe you’ve said them to yourself, or even out loud to a family member, friend, or co-worker.
This is where the Small Business Administration (SBA) comes in. According to their mission statement, the SBA helps Americans start, build and grow businesses. One of the ways they do this is through helping provide SBA-guaranteed financing.
According to this article by Talk Business & Politics, SBA lending was up by 5% in Arkansas in 2018. This is great news for not only the small business community in Arkansas but also for potential small business buyers.
Take a look at the current businesses we have listed, and contact us for more information about a business or about how to obtain lending. We have long standing relationships with both SBA lenders and conventional lenders, and we are here to help you become a business owner.
For more information about how CBI Team Fort Smith-River Valley can help you, check out our FAQ page.