Here are some alternative sources of funding through different organizations:
Arkansas Capital Corporation
Arkansas Capital Relending Corporation
Six Bridges Capital Corporation
Heartland Renaissance Fund
USDA Business and Industry Guaranteed Loans (B&I)
Funds for rural communities.
“BORSA” style plans
Utilizing retirement funds to fund a new business venture or purchase. Arkansas Capital Corporation has experience with these.
Individual Development Accounts (IDAs)
Matching funds savings program which can be used for starting or expanding a business.
Boefly
Applicants submit information for review by banks throughout the country.
EDPplus by Federal Home Loan Bank of Dallas*
Combination grant and loan program. Requires member bank participation.
Wells Fargo Practice Finance (formerly Matsco)
Specializing in dental, medical, optometric, and veterinary practice lending.
Bank of America Small Practice Solutions
Practice loans for physicians, dentists, and veterinarians.
Arkansas Baptist Micro Lending Program
Loans for new businesses ranging from $500 to $5,000.
Alt.Consulting Micro Lending Program
FORGE Micro Lending Program
Sam’s Club Small Business Loan Programs
Loans for $5,000 to $25,000.
TAB Bank
Transportation and equipment financing.
Hope Enterprise Corporation
Equipment term loans, real estate, working capital, and lines of credit.