Arkansas receives $13.1 million to fund small businesses

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Arkansas receives $13.1 million to fund small businesses
12/6/2011 5:29:11 PM
Category: Business Finance

Small businesses in Arkansas may be eligible for a small business loan funded by the U.S. Treasury Department. In an effort to boost the local economy and create jobs, small and minority businesses are projected to receive funds through the Treasury Department's State Small Business Credit Initiative as part of the Small Business Jobs Act signed by President Barack Obama in September.

The Arkansas Development Finance Authority, the Arkansas Economic Development Commission and the Arkansas Science and Technology Authority will collaborate to determine how to distribute the $13.1 million through existing businesses and programs.

Small businesses that are looking to grow while maintaining capital can benefit by developing a knowledge base of potential business funding options. Small business owners may wish to look into both federal and state funding, while paying attention to the private sector's alternative financing solutions. Products offered by business finance companies can provide working capital and cash flow solutions to businesses through accounts receivable factoring, merchant cash advance and purchase order financing.

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Business Finance (14)


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What is microlending? 12/21/2011 11:06:30 AM Microlending is an international trend that involves giving a small loan that's meant to support entrepreneurship.
Arkansas receives $13.1 million to fund small businesses 12/6/2011 5:29:11 PM Small businesses in Arkansas may be eligible for a small business loan funded by the U.S. Treasury Department.
Is invoice factoring a fit for a small business? 12/5/2011 5:07:16 PM As their client base grows and becomes more diversified, many small to medium-sized businesses find that their larger clients expect payment terms on the goods and services they provide.
Fund your offline marketing strategy with accounts receivable factoring 12/2/2011 4:02:31 PM A successful business requires a marketing strategy to invite interest and communicate why a potential customer needs the service or product it provides.
Small businesses should consider a merchant cash advance 12/1/2011 6:04:45 PM As a business owner, you many find it challenging to find the necessary financing to support your growing business. A Merchant Cash Advance may be the right tool to fund your growing enterprise.

Business Owner Tips (22)


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Business Operations (20)


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Tips for stellar small business customer service 4/17/2012 5:00:11 PM More than two-thirds (70 percent) of consumers who took part in last year's American Express Global Customer Service Barometer said they are willing to spend an average of 13 percent more money on goods and services from companies they believe provide excellent customer service.
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Small business online marketing budgets set to increase in 2012, study finds 3/30/2012 8:56:09 AM According to a recent AT&T poll, nearly six in 10 small businesses plan to meet or exceed the amount they spend on online marketing last year.
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How to price your products 3/28/2012 2:39:50 PM Properly pricing products is key to small business success.
Spring cleaning your small business financial clutter 3/27/2012 4:31:22 PM Small business owners are busy people, so it's unsurprising that many grapple with the task of keeping their financial documentation in order.
Study: More small businesses getting social with online marketing efforts 3/26/2012 4:58:42 PM Small enterprises are increasingly turning to the internet and social media sites to grow their companies and connect with consumers, according to a recent Citibank survey.
Understanding and optimizing employee recruitment 3/23/2012 3:58:27 PM Both big and small companies can use size to their advantage when it comes to employee recruitment, according to Business Insider.
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Steps for properly conducting a phone interview 2/16/2012 10:01:17 PM A phone interview can act as an important second step in the hiring process, following the resume and cover letter submission.
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Employee retention tips and actions to avoid 1/18/2012 9:02:44 PM High-achieving workers can have an enormous impact on your business' bottom line, and it's likely that you want to do everything in your power to ensure top employees don't take their talents elsewhere.
Commitment to customer service can be a difference-maker 1/14/2012 2:04:34 AM As most successful companies are probably aware, providing top-notch customer service is a key to retaining consumers and thus, earning a profit.
Budget, company feedback keys to an effective marketing plan 1/9/2012 10:56:35 PM Developing a marketing plan for your business may well be the hardest part of the actual marketing process.
Suggested topics to include in an employee handbook 12/29/2011 9:45:57 PM A well-written employee handbook should set expectations for workers, describe what to expect from the company and explain the employer's legal obligations and worker rights.