Every small business needs cash. Whether you are starting or expanding a business, acquiring new property, or in need of working capital, a small business loan is often the route to future growth. At First National Bank Small Business Finance, we specialize in SBA loans — a government guaranteed loan available to business owners who may have trouble qualifying for conventional bank loans.

SBA loans are what we do. In fact, it’s all we do! That’s why our Business Development Officers are committed to making the SBA loan process as efficient as possible for our clients. We pride ourselves on making deals happen and want to put our SBA experience to work for you. There are several reasons to choose an SBA loan over a traditional small business loan. Here are just a few examples…

Lower down payments

A smaller down payment means your business can retain more cash on hand to support day to day business operations.

Longer terms

SBA loans are long-term loans, usually 10-25 years with no balloon payments. Longer terms mean lower monthly payments so your business will have more cash on hand to improve sales and growth.

Flexible Pre-Payment

SBA loans usually have very flexible pre-payment terms so you can often accelerate payments with no penalty, if you choose. The more flexibility you have as a business owner the better you can react to market opportunities.

No Operating Loan Covenants

This means your loan can’t be called or put into default over a ratio on your financial statements, as long as your payments are current.

No Banking Requirements

You are free to decide where you want your business checking, personal accounts, and any other bank or investment accounts.

Contact a First National Bank Small Business Finance BDO for more information on how an SBA loan can help you.

See How We’ve Helped Other Businesses


Bottle 501

Bottle 501 is the destination for beer and wine enthusiasts as well as those new to the craft beer scene. Entrepreneur Anuj Mittal had been looking into different types of businesses to open in the prime location of Durham, N.C. He explored a few different options, but felt passionate about starting a retail craft beer and wine shop.

Read More