Posted 9/3/2013 08:54 am
Updated 6 months ago
Arkansas Capital Corporation of Little Rock announced Tuesday its Express 150 loan product for small businesses and startups.
Express 150 is a term loan for businesses seeking $50,000 to $150,000 in capital with a much faster and easier loan process than other forms of SBA guaranteed financing and with lower collateral requirements, ACC officials said in press release.
Arkansas Capital is a private group that through its eight partner co0mpanies works to empower entrepreneurs in Arkansas through capital, educational and technological improvements.
The Arkansas Capital Corporation Group includes Arkansas Capital Corporation, Six Bridges Capital Corporation, Arkansas Capital Relending Corporation, Arkansas Economic Acceleration Foundation (which runs the Donald W. Reynolds Governor's Cup in Arkansas), Diamond State Ventures, Heartland Renaissance Fund, Connect Arkansas and Pine State Regional Center.
"Arkansas Capital is committed to expanding access to capital for small business and entrepreneurs in Arkansas," said Jay Wisener, executive vice president, Arkansas Capital. "While Arkansas Capital has historically focused on larger loans, we recognized the need for smaller businesses to have access to working capital in a timely and efficient manner. Express 150 is a great product that will continue to meet Arkansas Capital’s mission of driving economic growth and job creation."