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! 

Here are a few things to look out for when deciding on a lending partner:

  • SBA Preferred Lender
    • By choosing to partner with an SBA Preferred Lender or a bank that has a PLP license, you will experience a much more streamlined process. The PLP license gives the bank authority to make the final credit decision, which allows the process to be faster.
  • Dedicated Team
    • When making a large financial decision, such as starting a business, it’s important to know that the bank you partner with truly has your back. Having a dedicated team will ensure you have someone with you every step of the way, walking you through the process and helping you obtain all the documents you need to move forward. Look for banking partners that have a dedicated SBA team that is solely focused on the intricacies of this specific lending product.
  • Flexible and Efficient Financing Solutions
    • Every small business and small business owner is unique. It’s important to find a banking partner who has experience in your industry, understands your business, and can structure a loan to meet your needs.

At FNB Small Business Finance, our dedicated small business finance team is made up of knowledgeable SBA lenders who can partner with you to achieve your goals. While the end goal is to obtain the financing your business needs, we also understand how important the process is. That’s why we also provide information, advice, and suggestions to help you determine the best options for your business.  We’re not just another bank; we’re a strategic partner in your business’ success.

Ready to get started? Reach out to one of our experienced SBA Business Development Officers.