Capital group opens Bentonville office

The Arkansas Capital Corporation Group will open a new office at 1005 Beau Terre Drive in Bentonville. The privately held group of for-profit and nonprofit corporations is a major factor in the Small Business Administration’s loan program in Northwest Arkansas.

The group includes eight affiliates: Arkansas Capital Corp., Six Bridges Capital Corp., Arkansas Capital Relending Corp., Arkansas Economic Acceleration Foundation, Diamond State Ventures, Heartland Renaissance Fund, Connect Arkansas and Pine State Capital.

Arkansas Capital Corp., established in 1957, is the flagship company of the Arkansas Capital Corporation Group. The private, nonprofit lending corporation remains dedicated to empowering entrepreneurs in Arkansas through partnerships with the lending community. In partnership with financial institutions, the corporation provides permanent, long-term financing for business startups, expansions and acquisitions. Risk mitigation for businesses and financial partners is at the foundation of its success.

The group’s new business development officer for Northwest Arkansas will be John Harrell, who previously was senior vice president of commercial lending at Bank of the Ozarks in Fayetteville. He is a graduate of John Brown University and holds a master’s degree in business administration with an emphasis in finance from the University of Arkansas.