Arkansas Capital Corp. Board of Directors Elect Chair, Vice Chair (Movers & Shakers)
Carroll Penick and Bryan Scoggins have been elected. read more >
Carroll Penick and Bryan Scoggins have been elected. read more >
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 >
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 >
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 >
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 >
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 >
The nonprofit is looking to conduct 260 assessments for at least 130 small businesses in Arkansas. read more >
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 >
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 >
The center has helped clients obtain 54 grants worth over $22 million since 2018. read more >
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 >
The Federal Reserve took action after she allegedly used “materially false and fraudulent representations” to obtain two Paycheck Protection Program loans. read more >
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 World Trade Center Arkansas, says businesses that want to export their products need to do their homework. read more >
The Small Business Administration says the Paycheck Protection Program has been exhausted. read more >
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 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 >
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 >
During federal fiscal years 2017-20, Arkansas lenders made more than $658 million loans through the Small Business Administration’s 7(a) program. Of that total, only about $10 million or 1.5% went to Black-owned businesses in the state. read more >
The second round of the federally funded Paycheck Protection Program is prioritizing “underserved” businesses — minority-, women- and veteran-owned and rural businesses — by setting aside money for them and through targeted outreach efforts. read more >
