Group Seeks to Boost Job Growth, Economy

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Staff photo by Doug Strickland. Al Hodge, senior vice president of The Arkansas Capital Corporation Group, holds business cards for exchange Tuesday before speaking to a group of area bankers about the advantages of SBA loans and other government-guaranteed loans in a conference room at Curt Green & Co.
Staff photo by Doug Strickland. Al Hodge, senior vice president of The Arkansas Capital Corporation Group, holds business cards for exchange Tuesday before speaking to a group of area bankers about the advantages of SBA loans and other government-guaranteed loans in a conference room at Curt Green & Co.
Eleven area bankers assembled around a table in the conference room of Curt Green and Co. on Monday to listen to information on Small Business Administration loans. Read the full article from the Texarkana Gazette here.

National Science Foundation Awards Grant to CycleWood Solutions

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cycleWood Solutions
Nhiem Cao (left), president and CEO of cycleWood Solutions Inc., and company co-founder Kevin Oden pose with their film sample of a biodegradable plastic. Photo by Russell Cothren, University of Arkansas.
The National Science Foundation has awarded a $150,000 grant to cycleWood Solutions Inc., a Genesis Technology Incubator client at the University of Arkansas that is working to produce a sustainable alternative to the high-density polyethylene bags currently used in stores. Nhiem Cao, president and chief executive officer of cycleWood Solutions, said the grant allows the start-up company to continue to develop a prototype for what it calls the XyloBag. The XyloBag will be biodegradable and compostable, which allows it to comply with regulations that are forcing retailers to switch from polyethylene bags. Polyethylene bags harm the environment by polluting the world’s oceans and sitting forever in landfills. They are also expensive to recycle. As a result, cities in 25 states have either banned or are considering banning the use of polyethylene bags. [Read more…]

NMTC Program Extended for Two Years by American Taxpayer Relief Act

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On January 2, 2013, President Barack Obama signed the American Taxpayer Relief Act of 2012 (H.R. 8) into law which, in addition to addressing other “fiscal cliff” issues, extends the New Markets Tax Credit (“NMTC”) Program for two years. The Act provides for an annual maximum limit on allowable qualified equity investment of $3.5 billion for each year, mirroring the limits in 2010 and 2011. [Read more…]

Historically Low Interest Rates for SBA 504 Loans

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The Arkansas Capital Corporation Group today announced Small Business Administration (SBA) 504 loan rates are at 4.01% – the lowest 20-year, fixed-rate available since the program began in 1987. Through the SBA 504 loan product, borrowers get low, fixed-interest rate loans with no balloon or demand feature for up to 20 years. [Read more…]

Youth Entrepreneurship Showcase Announces Top 25 Teams

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Top 25 to compete and sell their products January 18, 2013 at Park Plaza Mall

Youth Entrepreneurship Showcase (Y.E.S.) for Arkansas, a statewide business plan competition for fifth to eight graders, announced the top 25 teams today. The teams were selected from a field of 204 teams made up of more than 600 students from across Arkansas. All of the teams created a business plan for a new concept so they could compete for an opportunity to turn their ideas into reality.
[Read more…]

Bert King Joins Arkansas Capital Corporation

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Bert KingThe Arkansas Capital Corporation Group (ACCG) is pleased to name Bert King vice president of servicing and portfolio management. King brings a broad range of legal and financial expertise to ACCG with a background in finance. King will be replacing Jerry Adams, senior vice president of servicing and portfolio management. Adams plans to retire in the spring of 2013. “I am excited that King has joined Arkansas Capital,” said C. Sam Walls, chief executive officer, Arkansas Capital Corporation. “King’s broad banking expertise along with his specific legal knowledge of the financial industry makes him a great fit for ACCG and its lending affiliates.” King previously served as general counsel for HomeBank of Arkansas for the past 5 years. He is a 2006 Graduate of UALR’s William H. Bowen School of Law and is a member of the 2014 Class at the Barret Graduate School of Banking. King is based in the The Arkansas Capital Corporation Group Little Rock office located downtown on River Market Avenue. [Read more…]

Business Honor Society Recognizes Arkansas Capital Corporation Exec

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Sam-Walls-and-Dr.-WaylandThe College’s Business Beta Gamma Sigma chapter recognized Chief Operating Officer of the Arkansas Capital Corporation Group, C. Sam Walls, as its honoree Nov. 29. Walls is a 1969 graduate of the University of Arkansas at Little Rock. He has a B.A. in Political Science with a minor in History. Upon graduation, Walls was diverted from his planned path of a career in the field of law when he became associated with Dillard’s Department stores of Little Rock, AR. After seven years, his entrepreneurial spark was ignited, and he embarked on a lifelong path of serial entrepreneurship, economic development, and entrepreneurial education and development. [Read more…]

Arkansas Capital Corp. Entities Receive Volume Lending Awards

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Arkansas Capital Corporation Group (ACCG) was presented with two volume lending awards, by the U.S. Small Business Administration. SBA District Director Linda Nelson presented the awards for 2012 Top 504 Volume Lender and 2012 Rising Star to Six Bridges Capital Corporation and Arkansas Capital Corporation, respectively. Arkansas Capital Corporation (ACC) and Six Bridges Capital Corporation (6BCC) are key entities in the lending division of the Arkansas Capital Corporation Group (ACCG). [Read more…]

Northwest Arkansas Hotel Reopens as Chancellor Hotel

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Heartland is proud to announce the grand opening of the Chancellor Hotel in downtown Fayetteville, Arkansas. The ribbon cutting was held on Friday, September 14. Read our press release to learn more.  If you would like to see photos of the newly-renovated hotel, the Fayeteville Flyer has a great gallery from the ribbon cutting. The Chancellor was also featured on Arkansas Business’s website. [Read more…]

Mann on Main Sparks Redevelopment

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Following the start of renovations on the Mann Building, a Heartland Renaissance Fund project, redevelopment on Downtown Little Rock’s Main Street is booming. Arkansas Business quotes Mayor Mark Stodola as saying that seven Main Street structures are currently under contract for redevelopment. [Read more…]

UA Educator Reeves Dubbed Job Creator

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Carol Reeves and her students from the UA take home multiple awards at the Arkansas Governor`s Cup business competition this spring in Little Rock.
Carol Reeves and her students from the UA take home multiple awards at the Arkansas Governor`s Cup business competition this spring in Little Rock.
Even many well established businesses can’t boast the creation of more than 100 jobs in six years, but one University of Arkansas professor has those bragging rights. Carol Reeves, the University’s Associate Vice Provost for Entrepreneurship, has led her students to create six successful startups in six years, and that’s not even counting all of the ventures springing from her classes. [Read more…]