Oracle CE - February 11, 2021

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Vol. 1

ACLE No. 3

Feb. 11, 2021

Loanpal to bring more than 100 financial technology jobs to Northern Arkansas

“[Loanpal’s] decision to locate a facility here... is an example of the growth our state continues to see

in the fintech industry.” -Gov. Hutchinson Loanpal is the nation’s number one point-of-sale payment platform for sustainable home solutions. The company is committed to delivering a technologyenabled ‘buy now, pay later’ experience that is simple, fast and frictionless. Loanpal’s proprietary technology platform is accessed by more than 12,000 sales professionals and has deployed approximately $5.8 billion of capital for solar and other sustainable home improvement products since 2018, empowering more than 175,000 families to live a more sustainable lifestyle. Loanpal is a proud partner of GivePower, a 501c3 corporation, whose mission is to build and deploy solar-powered clean water and energy systems to communities in need around the world. To learn more about Loanpal, visit, follow and connect with us at loanpal.com, @loanpal, and LinkedIn. and LEDs as well as in the production of lithium-ion batteries, fuel cell and other energy storage systems. In addition, SGL Carbon develops solutions for chemical and industrial applications.

Photo courtesy of Loanpal.

Governor Asa Hutchinson has called Loanpal a “remarkable company.” It will now bring more than one hundred jobs to Arkansas this year. Their new office opens in Bentonville in March. Chelsea O’Kelley Director of Comm. AEDC

Loanpal, America’s number one point-of-sale payment platform for sustainable home solutions, today announced it will open a new operating center in Northwest Arkansas, bringing more than 100 jobs in financial technology to the region. Loanpal plans to hire local positions in customer operations, partner management, software engineering and data science. In addition, Loanpal will relocate several current employees to Bentonville to help build the company’s presence. Loanpal is scheduled to open its new office in the 8th Street Market in early March 2021. “I am inspired to accelerate the growth of our company in Arkansas and

look forward to making meaningful contributions in the Heartland,” said Hayes Barnard, Founder, Chairman and CEO of Loanpal. “At the heart of our business is a drive to create more mission-driven American jobs that people are proud of, while building technology to connect a world in which we all live more sustainably.” Loanpal offers a proprietary point-of-sale platform that equips businesses with fast and frictionless digital tools to deploy sustainable home solutions at scale. The technology provides homeowners with flexible payment options that enable them to achieve everyday savings while updating their homes with modern, efficient technologies such as solar power, battery storage and energy smart heating and cooling. In addition,

Loanpal’s platform creates an efficient channel for financial institutions to deploy their capital in highperforming environmental, social, and governance (ESG) assets. Since 2018, Loanpal has empowered more than 175,000 families to upgrade their homes sustainably with a convenient ‘buy now, pay later’ solution. Loanpal’s platform is accessed by more than 12,000 sales professionals at the point of sale, supporting upwards of 20,000 jobs at partnering home improvement businesses across the United States. “One of my first priorities when I came into office as governor was to strengthen our state’s workforce in technology and computer science,” said Governor Asa Hutchinson. “Today, I am

proud of the progress that we have made. Loanpal is a remarkable company, and their decision to locate a facility here in Arkansas is another example of the growth our state continues to see in the fintech industry.” “We love to see tech jobs coming to Arkansas, and Loanpal’s decision to locate in Northwest Arkansas speaks volumes about the faith they have in our workforce,” said Arkansas Secretary of Commerce Mike Preston. “These jobs will go a long way in improving economic conditions and quality of life for the region.” “The positioning of this new location in the heart of Bentonville strengthens our economy by attracting tech talent and it also increases opportunity for local small businesses,” said Graham Cobb, president and CEO of

the Greater Bentonville Area Chamber of Commerce. “We’re proud to encourage and support moves like this, which demonstrate that efforts to showcase this 21st Century Community through events like the NWA Technology Summit are paying dividends. Congratulations to Loanpal and to the team working collaboratively to build the next generation of Bentonville.” “Our community is constantly growing, and the recruitment of companies, like Loanpal, to our city is a big factor in Bentonville’s growth,” said Stephanie Orman, Bentonville mayor. “Our city is a wonderful place to live, work and play, and the companies that join us here help to improve that quality of life in our area.” About Loanpal

Road work on Cantrell to create significant closures, detours for travelers for at least three days starting Feb. 12 I-430 Southbound Closed Between I-40 and Cantrell Rd

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I-430 Northbound Traffic Use N Rodney Parham Rd, Pleasant Valley Dr and Cantrell Rd as Detour

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I-430 Northbound Closed Between Rodney Parham Rd and Cantrell Rd

All traffic north of I-630 will be diverted at the Rodney Parham Rd. Interchange (Exit 8) onto a detour route. Truck traffic will not be permitted on the detour route and will be re-routed to I-30 and I-440. If you must travel in that direction for the weekend, please see the attached detour map. Motorists traveling along I-430 north of the Big Rock

Interchange will need to exit at Rodney Parham Rd. (Exit 8) and drive westward to the intersection of Hinson Rd. and N. Rodney Parham Rd. and turn right, traveling north onto Rodney Parham Rd. and taking another right onto Pleasant Valley Drive. This will eventually lead drivers back to Cantrell Road (Highway 10) where they can access northbound

I-430. Traffic will be controlled by traffic barrels and signage. Drivers should exercise caution when approaching and traveling through all highway work zones. Additional travel information can be found at IDriveArkansas.com or ARDOT.gov. You can also follow us on Twitter @ myARDOT.

Photo courtesy of ARDot.

Below is a color coded map of the detour route, normal traffic flow area, and the no traffic flow area for the I-430 bridge detour next week.

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100 A B 1,400

Feet TP&P: GIS: 2/1/2021

Detour Route

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Normal Traffic Flow Area No Traffic Flow Area

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Photo courtesy of ARDot.

Because of improvements being made to Cantrell Road, many travelers will need to take detours.

PULASKI COUNTY (Feb. 2) – Improvements to the Cantrell Road (Highway 10) interchange at Interstate 430 require significant closures, according to Arkansas Department of Transportation (ARDOT) officials. Weather permitting, crews will close all southbound lanes between Highways 100 and 10 and northbound traffic will be closed from the Rodney Parham interchange to

north of the Cantrell Road interchange starting on Friday night, February 12th at 8:00 p.m. and continuing through Monday, February 15 th at 5:00 a.m. The westbound Highway 10 to northbound I-430 entrance ramp as well as the eastbound Highway 10 to southbound I-430 entrance ramp will remain open. This will include closing the entrance ramps in this section of highway and will allow crews to erect

structural beams and install the safety platforms. This single weekend closure will minimize the number of nightly lane closures required, thereby reducing the risk and exposure to the motorist as well as the construction personnel. ARDOT encourages drivers to avoid using I-430 north of I-630 and to avoid I-430 completely where possible. Truck traffic should use I-30 and I-440.

North Little Rock

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I-430 Bridge Detour

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