Various small business loan options are available for those who currently operate, or would like to start, a small business in the Sonoita, AZ area.
These options may include loans from traditional banks but we also recommend you consider loan programs from the Small Business Administration (SBA).
The SBA offers a variety of small business loan options.
The SBA’s most common loan program is called the “7(a)”. This type of loan includes help for businesses with special requirements. You can find out more about this loan program here.
Another popular SBA small business loan option is called the “Microloan”. These loans can be used to purchase or grow an existing business, but can’t be used to buy real estate. The average microloan is $13,000 but the SBA may lend as much as $50,000 under this program. Microloans are administered for the SBA through approved intermediaries. These intermediaries vary by state.
According to the SBA, for Sonoita, AZ, the microloan intermediaries are:
Arkansas Alt. Consulting
211 West 3rd Ave., Suite 255
P.O. Box 9858
Pine Bluff, AR 71611
Microlending : Deborah Slayton
Microlending : Ines Polonius
Phone: 870-535-0011
Fax: 801-820-3102
Email: ines@altconsulting.org
URL: http://www.altcosultling. org
Service Area: Chicot, Clark, Cleveland, Columbia, Craighead, Dallas, Desha, Drew, Greene, Hempstead, Carroll, Howard, Jefferson, Lafayette, Lawrence,
Lincoln, Lonoke, Marion, Miller, Mississippi, Nevada, Ouachita, Phillips, Poinsett, Prairie, Pulaski, Randolph, Sevier, Union, Benton, Calhoun, Baxter, Ashley,
Arkansas, Bradley, Hot Spring
Arkansas Forge-Financing Ozarks Rural Growth and Economy
202 East Main
Huntsville, AR 72740
Microlending : Carson Roddy
Microlending : Charlie Stockton
Phone: 501-738-1585
Fax: 501-738-6288
Participating Intermediary Microlenders Report Page 2 of 52
You can learn more about the SBA’s Microloan program here or get our in-depth Microloan Video here.
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