SBA Lending in Arkansas Rises in 2013

by Luke Jones  on Monday, Nov. 4, 2013 12:00 am  

For the future, Nelson said the SBA lending program will continue to face challenges.

“A couple of our strongest banks in the state are so caught up now in acquisitions, if you will,” she said. “Like Centennial had been a big player, but their numbers have dropped off.”

But it’s still a challenge to deal with those banks, she said, because they often must change systems post-acquisition, which means they won’t “be looking at SBA lending as much as we hope they will,” Nelson said.

“In the meantime, we’ve seen interest from some with an already-settled footprint,” she said. “Like First Service at Greenbrier showed some interest and has set up somewhat of an SBA department. That is the model that works best.”

(Correction: The article originally misidentified the restaurant of which Gio Bruno is co-owner. He co-owns Bruno's Little Italy. The article has been corrected.)

 

 

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