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Banking & Finance / Construction / Restaurants & Food / Tourism

Arlington Hotel Sees $30M RenovationLock Icon

Taking on a long list of overdue chores for the 11-story structure with 20 separate roof lines presented a new challenge for the Texas owner Sky Capital Group, which purchased the 11-story hotel for $7 million in 2017. read more >
Banking & Finance / Government & Politics / Small Business

SBA Names Arkansas Capital As New SBLC Licensee

Arkansas Capital Corporation is one of three new Small Business Lending Company (SBLC) licensees — the first expansion of the SBLC program in 40 years. read more >
Banking & Finance / Energy

Arkansas Capital Corp. Board of Directors Elect Chair, Vice Chair (Movers & Shakers)

Carroll Penick and Bryan Scoggins have been elected. read more >
Banking & Finance / Small Business

What New Lending Regulations Mean for Small Business Owners

As of Aug. 1, 2023, updates to the SBA's rules will allow for new, nonbank lenders to offer SBA 7(a) loans, as well as update restrictive lending criteria. read more >
Daniel Schutte, vice president of strategic partnerships at The Venture Center, and Jerry Talbert, deputy director of the U.S. Small Business Administration Arkansas District, sign an agreement to form a partnership helping small businesses.
Business Services / Government & Politics / Nonprofits / Small Business

Venture Center, SBA Arkansas Partner to Help Entrepreneurs

The alliance will help connect current and aspiring small business owners to resources and programs to improve opportunities and expand small business development in the state. read more >
Eric Mangham
Banking & Finance / Business Services / Small Business

Eric Mangham Promoted to Executive VP & CFO at Arkansas Federal Credit Union (Movers & Shakers)

Mangham, who joined the credit union in 2012 as a senior financial analyst, is now responsible for all financial functions including accounting, finance and card services. read more >
Christian Pennington
Banking & Finance / Government & Politics / Small Business

Christian Pennington Joins SBA Office in Little Rock

In his new role, Pennington will conduct training and familiarize potential new and existing banks with SBA loan programs and offerings to ensure small businesses are able to access the money they need to start, grow and expand. read more >
Arvest Bank headquarters in downtown Fayetteville 
Banking & Finance / Small Business

Arvest Leads Arkansas in SBA Lending, Again

It was the ninth consecutive year the bank has led the SBA lending list in Arkansas, and Arvest was third among banks in Oklahoma and fourth in Kansas. read more >
Nonprofits / Small Business

Forge Institute Begins Offering Free Cybersecurity Assessments

The nonprofit is looking to conduct 260 assessments for at least 130 small businesses in Arkansas. read more >
Small Business

Disaster Loans Available for Some Drought-Hit Businesses in Arkansas

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for up to $2 million in loans. read more >
Banking & Finance / Government & Politics / Legal / Small Business

Ringleaders in Massive COVID Fraud Extradited to US

Richard Ayvazyan and his wife, Marietta Terabelian, were extradited from the Balkan country of Montenegro, where they were living in a luxury seaside villa before their arrest in February. read more >
Small Business

Arkansas Small Business & Tech Center Awarded $125K to Help Entrepreneurs

The center has helped clients obtain 54 grants worth over $22 million since 2018. read more >
Science Venture Center logo
Business Services / Nonprofits / Small Business

Science Venture Center Gets Funding Extension, Joins Winrock International

The nonprofit has helped companies secure more than $3.5 million in non-dilutive federal research funding, and the extension is targeted to double that amount over the next two years. read more >
Arvest Bank headquarters in downtown Fayetteville 
Banking & Finance / Government & Politics / Legal

Ex-Arvest Employee Banned From IndustryLock Icon

The Federal Reserve took action after she allegedly used “materially false and fraudulent representations” to obtain two Paycheck Protection Program loans. read more >
Business Services / Education / Government & Politics / Investments / Nonprofits / Small Business

New Tools Can Help Boost Business in Arkansas (Angela Frierson Shirey Commentary)

During 2021, Arkansas has seen business rebound and reset. Entrepreneurs have had to flex their creative muscle during the “creative destruction” phase — a phenomenon that usually results in economic progress. read more >
Denise Thomas, CEO of the World Trade Center Arkansas
Business Services / Education / Government & Politics / Media & Marketing / Small Business / Transportation

WTCAR CEO Denise Thomas Advises Research Makes a World of Difference

Denise Thomas, CEO of World Trade Center Arkansas, says businesses that want to export their products need to do their homework. read more >
Government & Politics / Restaurants & Food / Retail

Small Business COVID-19 Relief Program Runs Out of Money

The Small Business Administration says the Paycheck Protection Program has been exhausted. read more >
Montine McNulty
Government & Politics / Small Business

$28.6B Grant Fund for Restaurants Accepting Applications

Arkansas restaurants that suffered losses during the pandemic can now apply for a Restaurant Revitalization Fund Grant from the U.S. Small Business Administration. read more >
Frank Webber says the proximity of Shift Modern Cyclery at 1101 W. Markham St. to the Arkansas River Trail will be a boon for his shop and for Little Rock cyclists.
Real Estate / Restaurants & Food / Retail / Small Business

Shift Cyclery to Put Bikes & Beer on Tap

Frank Webber envisions Shift Modern Cyclery as “less of a bike shop and more of a gathering place for cyclists,” serving local beer, wine and snacks. read more >
French Hill
Government & Politics / Restaurants & Food / Retail

French Hill Touts Bill to Help Businesses Qualify for PPP Loans

U.S. Rep. French Hill says he’ll introduce a bill next week to help more businesses qualify for the second round of Paycheck Protection Program loans. read more >