Entrepreneur: Nationwide SBA approved loans to underserved minority small b

Two-time Emmy and three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Craig Calafati.  The Executive Vice President and Director of Lending for Arkansas Capital Corporation, Arkansas Capital Corporation.  A community development finance company that was chosen by SBA to receive one of the three new SBLC licenses and now offers flexible capital solutions nationwide to small businesses and entrepreneurs in underserved minority communities.

Company Description *

Arkansas Capital Corporation (ACC) is a private, nonprofit lending corporation dedicated to empowering entrepreneurs in Arkansas and surrounding states. ACC offers flexible capital solutions to meet the unique needs of entrepreneurs, small businesses, and economic and community development projects, emphasizing serving low-income, minority, and rural communities. Since 1957, ACC has partnered with commercial banks, government agencies, and others at local, state, regional, and national levels to deploy over $2.34 billion in capital financing.

Talking Points/Questions *

Talking points:

If you don’t have a Business Plan you will not be successful.

What is the purpose of Arkansas Capital Corporation?

The SBA does not lend money. Instead, it provides guarantees so lenders are more inclined to lend money to small business owners.

Small business owners should establish a line of credit with immediate access - especially for small businesses with payroll employees.

Aspiring entrepreneurs are encouraged to spend time with entrepreneurs who are already operating a successful business in your area of interest to gain valuable insights.

Small business owners should always know how much money they need before speaking with a lender. #SHMS, #STRAW

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