For many small business owners, financing needs rarely fall into a single category. While the main objective may be to expand operations or acquire real estate, other needs like purchasing equipment and maintaining a healthy cash flow are just as pressing. Managing multiple loans to meet these needs, however, can be both complex and costly.
Rather than taking out multiple loans to cover different needs, you can start with one SBA loan that’s designed to handle it all. That means one application, one monthly payment, and one repayment plan.
Another major benefit is that SBA loans often come with longer repayment terms and lower down payments, which helps you retain more cash to reinvest in your operations. That’s a huge advantage for small businesses that need steady funds to keep operations running smoothly.
If you’re exploring financing options, an SBA loan could be the streamlined solution you’re looking for. With longer terms and lower down payments, SBA loans can help you achieve a wide range of business goals. At FNB Small Business Finance, we offer tailored SBA lending solutions designed to support your growth every step of the way. Click here to watch a quick video of one of our BDOs explaining how SBA financing can cover multiple business needs with a single loan.
