Business Resources

Federal

  • SBA has implemented automatic deferment on existing SBA disaster loans through the end of 2020.
  • Contact the SBA's Arkansas office by calling 501-324-7379.

State

In an effort to help Arkansas businesses as they prepare to transition back towards normal operating capacity, the Ready for Business Grant Program is designed to provide grants from $1,000 to $100,000, depending on the number of employees, to assist with COVID-19-related expenses, such as personal protective equipment (PPE), deep cleaning, signage, hand sanitizer dispensers, marketing and more.

Learn more

  • Quick Action Loan Program Summary
  • The application period for this program has closed. We are no longer accepting applications.
  • Download the list of Quick Action Bridge Loan recipients as of August 10, 2020.
  • Allocation of $6,000,000 from the Governor's Quick Action Closing Fund, and an additional $3,000,000 from the Attorney General's Consumer Education and Enforcement Fund. 
  • The Quick Action Closing Fund allocation will prioritize small to medium-sized companies that are in the supply chain of essential goods and services (including healthcare, food manufacturing, logistics).
  • The primary use of the funds from the Attorney General will be to support small businesses with job retention.
  • The program includes both loan guarantees and direct lending to businesses
       
  • Up to $12 million in CDBG assistance will be made available for COVID19 relief and recovery. This money will be used to provide grants to eligible local governments with which to provide direct economic assistance in the form of loans to companies impacted by COVID19 and grants to clinics, hospitals and other non-profits who are working hard to provide care in rural Arkansas and to vulnerable populations such as the homeless. AEDC is undertaking necessary regulatory steps required by the federal government to implement this assistance. This page will be updated as more information becomes available.
  • Click here to see a map of the hospital locations throughout the state.
  • For questions about how AEDC can assist your business during this time, contact us by email or phone:

The Arkansas Department of Parks, Heritage and Tourism (ADPHT), the Arkansas Economic Development Commission (AEDC), and the Arkansas Department of Finance and Administration (DFA) received approval to proceed with a grant program utilizing $50 million in CARES Act funds for Arkansas businesses in industries significantly impacted by the COVID-19 public health emergency.

The grant application period will open Monday, November 16, and close Wednesday, November 25.

Suppliers

If you have an interest in providing products and services to the state, please contact Steve Sparks at Arkansas Economic Development Commission: [email protected]