Business Expansion

FNB Business Expansion FinancingFNB Business Expansion Financing

Is your business ready to expand? As an SBA lender, FNB Small Business Finance is dedicated to helping entrepreneurs like yourself achieve business expansion goals through our specialized small business lending solutions.

SBA loans can be a powerful tool when you’re ready to grow your business. By financing 90% or more of your expansion, you can retain essential capital in your day-to-day. Our 10- to 25-year term options help keep your monthly payments low and our 3- and 5-year fixed rate options help you manage risk that comes from rate volatility.

An SBA 7(a) loan allows you to finance real estate, a like or complimentary business, leasehold improvements, additional FF&E or machinery, and working capital to help manage transition costs and operations – all bundled in one long-term loan.

Solutions

  • Open additional locations
  • Acquire a larger building
  • Expand your current facility
  • Acquire a like or complimentary business

Benefits

  • Lower equity requirements & longer terms
  • Quarterly variable, 3 or 5-year fixed rate options
  • No loan covenants & no deposit requirements
  • One loan for many business needs

Pre-Application Checklist:

When you’re ready to get started, please reach out to one of our Business Development Officers. We’ll ask you for the following documents in our initial call.

  • Estimated project costs
  • Three years of tax returns, interim financial statements on existing business(es) including Income Statement, Balance Sheet, Debt Schedule
  • Projected Income statement post expansion – first two years
  • Three years personal tax returns – all owners 20%+
  • Personal Financial Statement – all owners 20%+
What Are the Benefits of an SBA Loan?

Read More

The Difference Between an SBA Loan and a Conventional Loan

Read More

You’re ready to acquire a business, now what?

Read More

  • Cheesecakes by Alex

    See How We’ve Helped Other Businesses
    Cheesecakes by Alex - North Carolina

    “Alex Amoroso made his first cheesecake on a whim, to satisfy a sweet tooth. In December 2002, Alex opened his bakery called Cheesecakes by Alex in Greensboro, NC and a local legend was born. The company continued to grow, which led to a need for a major expansion – that’s where FNB Small Business Finance comes in."

    Learn More