Centennial Bank

This is a bank that provides SBA loan programs and financial services tailored to small businesses, helping entrepreneurs access capital for growth and operational needs.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.

Centennial Bank's Conway location (1815 E Oak) offers lobby hours Monday–Friday 8:00 AM to 5:00 PM, with extended drive-thru hours until 7:00 PM weekdays and 9:00 AM to 2:00 PM Saturday. Please confirm current hours with the bank.

There are fees associated with loan processing and closing, which vary based on the loan terms and amount.

This bank primarily serves residents and small business owners within the region, but eligibility depends on loan qualification criteria.

A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances.

The underwriting process typically takes 30 to 45 days, depending on the completeness of the application and documentation.

Centennial Bank's drive-thru at this location is open Saturdays 9:00 AM to 2:00 PM, though the lobby is closed on weekends. Confirm availability before visiting.

Centennial Bank is located in Arkansas — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Centennial Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Centennial Bank itself, which runs its own lending under its own ownership. If you work at Centennial Bank, you can claim this listing from this page to manage it.

The core details for Centennial Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Centennial Bank before applying. If you represent Centennial Bank, claim this listing to keep its information up to date.

You can reach Centennial Bank by phone at (501) 328-4700 or online at my100bank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Centennial Bank before relying on them.

Based on its approved SBA loans, Centennial Bank most often finances businesses in restaurants & food service, general retail, medical practices & clinics, manufacturing, construction & contractors, and hotels & lodging. This reflects Centennial Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Centennial Bank which sectors it actively lends to before you apply.

Centennial Bank offers SBA Express programs, which provide lines of credit and term loans. Please confirm program availability, terms, and your eligibility by contacting the bank at (501) 328-4700.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Centennial Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Centennial Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Centennial Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Centennial Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Centennial Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Centennial Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Centennial Bank weighs this case by case under its own policy, so be upfront about your history and ask Centennial Bank how it evaluates prior bankruptcies.