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Fed Publishes Small Business Resource Guides for Little Rock and Memphis

Friday, July 1, 2005

The Federal Reserve Bank of St. Louis has released two new resource guides for small and micro businesses in the Little Rock and Memphis metropolitan regions. The guides were produced by the Bank's Community Affairs staff at the Bank's branch offices in Little Rock and Memphis.

The resources listed in these guides are a starting point for new businesses or existing businesses that wish to expand. The guides are divided into two main sections. "Business Assistance Resources" lists the agencies that offer technical expertise to businesses, and "Alternative Financial Resources" contains nontraditional lending sources.

The guides also contain a list of local chambers of commerce; the booklets do not include traditional lending sources because business owners already are probably familiar with commercial lenders in their regions.

The featured resources for the Little Rock region fall into a geographic area that includes 11 counties: Conway, Faulkner, Garland, Grant, Hot Spring, Lonoke, Jefferson, Perry, Pulaski, Saline and White. Resources for the Memphis guide are located primarily in Memphis and Shelby County.

Commercial lenders or organizations wishing to distribute these guides may order multiple copies at no cost.

The Resource Guide for Small Businesses in the Little Rock Area is available by calling (501) 324-8296. The Resource Guide for Small Businesses in the Memphis and Shelby County Region is available by calling (901) 579-4101.