Arkansas Capital Corporation Group
The Arkansas Capital Corporation Group (ACCG) consists of several affiliated companies with different markets, including the Arkansas Capital Corporation (ACC), a privately owned, non-profit organization established in 1957 to serve as an alternative source of financing for businesses in Arkansas. Its main goal is to improve the economic climate in the state by providing long-term, fixed-rate loans to Arkansas businesses. Loans start at a minimum of $100,000.
As a preferred lender of the Small Business Administration, ACC makes loans to existing operations and business start-ups for everything from new construction and equipment to working capital. ACC loans may be used in combination with bank loans, municipal bond issues, or other sources of financing.
Other ACCG affiliates include the Six Bridges Capital Corporation, which administers SBA 504 loans, the Arkansas Capital Relending Corporation, which facilitates U.S. Department of Agriculture loans in communities with a population of 25,000 or less, the Heartland Renaissance Fund which structures financing for projects using the state and federal New Markets Tax Credit Programs, and the Pine State Regional Center that sponsors transactions using the federal EB-5 program.
Arkansas Development Finance Authority
The Arkansas Development Finance Authority (ADFA) Development Finance Division offers loans and bond guarantees under various programs. The Division does not offer grants under any of its programs. Applications are not restricted to any specific time period and may be made at any time on any day. The following are brief descriptions of the programs offered by ADFA in the Development Finance Division.
Economic Development Bond Guaranty Program
Provides long-term, below-market fixed interest rate financing to qualifying industries through bond guarantees up to $6,000,000.
Capital Access Program
Creates a method for making slightly higher risk loans more attractive to participating lending institutions through a reserve driven fund. Loan amounts are determined by the individual lending institutions.
Arkansas Venture Capital Development Fund
Provides matching investments in Arkansas technology-based companies, in various stages of growth and development, that are seeking private equity funding from angel, seed, and venture capital investors.
Arkansas Venture Development Fund
Provides matching investment in proven, professionally managed private equity and venture capital funds, located either within or outside the State of Arkansas, that commit to aggressive and visible deal prospecting, and direct investment in Arkansas companies along with investment in out of state companies.