Small and Minority Business

State Programs

Minority Business Loan Mobilization Program

This program is specifically geared toward certified minority-owned businesses seeking to embark on a state-funded project. It helps these minority businesses obtain start-up and emergency working capital. To qualify, the business must be a state-certified MBE, in business at least one year and have been awarded a new contractual agreement with an Arkansas state agency. The program is designed to promote the development of minority business enterprises to compete for contract opportunities and sustain the economic growth of Minority Business Enterprises in Arkansas.

Applicants must submit:

Application*
Clear, concise business model*
Three years projected financial statements (income statement, balance sheet, cash flow)
Resume of all owners and key managers
Last three years' personal income tax returns
Last three years' business income tax returns
Personal financial statement*
Marketing Action Plan*
Copy of contractual agreement with a state agency

*Request templates from AEDC's SMB Division