Arkansas Small Business and Technology Development Center

University of Arkansas at Little Rock - College of Business
Donald W. Reynolds Center for Business and Economic Development
2801 S. University / Little Rock, Arkansas 72204
Phone: (501) 683-7700   Fax: (501) 683-7720

Frequently Asked Questions

29. I've never had any trouble obtaining a home mortgage, credit card, or auto loan. Does this mean that I'll be able to easily obtain a loan for my small business?

Obtaining a small business loan is not the same as obtaining a personal loan. It is much more challenging to obtain a loan for a small business than a loan to purchase a home or car. It is important not assume that just because you easily obtained a personal loan that you'll be able to obtain a small business loan. It is recommended that you review "Obtaining a Small Business Loan" and "Can I Qualify for a Loan" to gain a better understanding of the small business loan process, criteria for obtaining business loan, as well as what to expect in the process.


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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.