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We can help your borrowers better understand their market, industry, and financials. ASBTDC offers one-on-one consulting services for current and prospective small business owners at no charge. Training and market research are also available. Our goal is to equip business owners with the information, guidance, and tools they need to make better business decisions.
800.862.2040
501.683.7700
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FAQ
| The Frequently Asked Questions on the ASBTDC website give your small business clients solid information fast. Refer your customers to more than 40 small business FAQ on starting a business, financing, purchasing an existing business, and other topics. Here's a sample:
QUESTION: I'm buying an existing business. Do I still need to write a business plan?
ANSWER: See our answer HERE.
asbtdc.ualr.edu/faq
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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. UALR is committed to the policy of providing equal opportunity for all persons and does not discriminate in employment, admissions, programs, or any other educational functions and services on the basis of sex, age, disability, race, and national origin, color, or religion. |
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Fact: As measured by the National Federation of Independent Business, the percentage of firms expecting increased sales rose to the highest level in more than three years last month.
As a commercial lender, you want your customers -- and prospective customers -- to succeed. For you, this translates into timely loan repayments and ongoing business with established customers. The Arkansas Small Business and Technology Center provides services and resources to guide small businesses through both startup and expansion.
The ASBTDC is well-known for the assistance we provide in business planning and loan package preparation. In addition, we provide free consulting in a host of other areas to help your customers improve as managers and as stewards of their loan proceeds.
- Financial analysis for existing businesses
- Financial projections for existing and startup businesses
- Market research resources: access to proprietary databases and tools, licensed mapping software, industry profiles
- Specialized assistance to innovation and technology-based businesses, including two of only 46 Certified Technology Counselors in the U.S.
- Strategies for operating and management challenges
- Marketing plans
- Web marketing (search engine optimization, e-mailmarketing, social networking, etc.)
The ASBTDC is comprised of seven centers around the state to better help you help your small business customers. Referrals can result in success for all parties: for the lender, timely loan repayment and repeat business; for the entrepreneur, valuable coaching and training through all aspects of operations; and for the ASBTDC, positive economic impact for the state of Arkansas.
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KWJester Logging
Kevin Jester, a Clark County logger for nearly 20 years, needed to purchase new equipment during the 2009 economic downturn. When he turned to the Henderson State University ASBTDC for assistance, the staff suggested applying for a loan through the Federal Home Loan Bank EDP grant program. The HSU center staff guided him through the program criteria, financial planning and loan application process, and less than two months later, Jester secured the loan with FHLB backing through Summit Bank. When heavy rains further impeded business that summer, the HSU ASBTDC assisted him in preparing an SBA Economic Injury Disaster Loan application. "We have gained a lot of knowledge and information that has been very valuable to the continued growth and success of our business," said Jester. "We are certainly grateful for what we've gotten from ASBTDC."
In this YouTube video, Jester talks more about the assistance he received from the ASBTDC.
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Save the Date: SBA Lender Event
The Arkansas District of the U.S. Small Business Administration will host a lender conference in Little Rock May 18-19. Details still to come, but save the date for the event themed "A New Day at the SBA."
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