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Whenever the United States is faced with inflation or a recession, it is the Federal Reserve’s job to adjust the federal fund rate to combat that. The Federal Reserve generally lowers rates in order to stimulate growth, while increasing rates to slow inflation with the hope of returning to a more sustainable level.

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As a small business owner, you might be thinking what’s next for you or your business in the new year. Do you want to buy a business? Do you want to buy commercial real estate for your current business?

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When you partner with our team at FNB Small Business Finance, we want the process to be as transparent as possible to ensure everything goes smoothly. Our team has decades of experience and is dedicated to helping small business owners achieve success. Here is what you can expect the SBA process to look like with our team.

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Large companies and corporations may steal the spotlight from time to time, but there is no question that small businesses are what drive the American economy. As of 2020, there were over 32 million small businesses in the United States, accounting for over 99% of total business in the country!

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Buying commercial real estate is an exciting time for a business owner, but it can be an intimidating process. Acquiring tangible assets, whether an existing property, new construction, or a redevelopment project, requires a lot of financing.

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When it’s time to grow your business, cash flow is vital. Whether you need to open an additional location, build or expand a building, or tap a new market, an SBA loan can help you meet the demands of business growth.

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Obtaining financing for your business is an exciting time, but it can also feel intimidating if you don’t know what to expect. Whether you’re launching a start-up, acquiring an existing business, acquiring or constructing a building to operate from, or opening a franchise, there are some common steps to the SBA lending process that you should know.

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An SBA loan is a great financing option for business owners who are expanding, acquiring, or in need of working capital. Backed by the Small Business Administration, SBA loans offer a unique opportunity to business owners even if they qualify for traditional small business loans.

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Every entrepreneur or small business owner will eventually need additional funds to launch or grow their business. When that time comes, it’s important to remember that not all loans are created equal. Depending on your use of loan proceeds, credit history, business type, and loan amount, certain options may suit your financial needs more than others.

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As a small business owner, you likely have big goals for your business. A good business plan can help you achieve those goals. By detailing plans, budgets, and goals, a business plan can act as your road map to success.

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There comes a point in a small business’ journey when it is time to expand and grow. For some business owners, this means expanding their existing work space while others will tackle building a commercial property from the ground up. In either case, an SBA Construction Loan can help get you started.

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An SBA loan has many appealing benefits for small business owners like longer terms and lower down payments.  Gathering the appropriate documentation in advance can help streamline the process as much as possible. Here are a few common documents you will need to submit in addition to the required federal forms. 

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Acquiring a business is an exciting endeavor! Buying a company can give you access to new technology, new markets, and new resources. Whether you’re buying a completely separate business or planning to absorb it into your current company, you can set yourself up for success by planning for the acquisition process in advance.

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The SBA lending program is a wonderful way to get financing fast with competitive terms and unique benefits. One advantage of the program is that it is not a one-size-fits-all solution. There are multiple loan options within the program to choose from. The key is determining which option fits your business needs the best.

By understanding your options, you can choose a loan that addresses immediate needs as well as future growth. Maybe you need financing to purchase commercial real estate, start construction on a building for your business, or maybe you have a wide range of business expenses to cover in order to start your business. Whatever your specific needs, there’s an SBA option for you!

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As a small business owner, there will come a time in the life cycle of your business where you will need additional financing. The process can seem intimidating, but it all starts with choosing the right lending partner. Too often, business owners focus on the money and don’t think about the lender they’ll be working with. The right lending partner can make all the difference in what can be an arduous process.  You want someone who will get to know your business and consider your long-term goals as well as current needs. Choosing the right lending partner is one of the best ways to set your business up for success! 

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