Learn More about CDFI's and Small Business Resources in Arkansas see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
College Station Community Federal Credit Union
Community Resource Group, Inc.
Elk Horn Bank and Trust Company
First National Bank of Phillips County
Heartland Renaissance Fund, LLC
South Arkansas Community Development
Southern Development Bancorporation
Southern Financial Partners
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.