At FNB Small Business Finance, our team of SBA lenders is dedicated to empowering your business growth. As your strategic partner, we prioritize understanding and fulfilling your financial requirements to kickstart your journey to success. Our comprehensive small business lending solutions cater to many types of businesses in a variety of industries. We offer quarterly variable, 3-year fixed or 5-year fixed rates on all loan options – you choose the solution that best meets your needs. Explore our range of general lending solutions below.
Business Acquisition
- 90-100% financing available
- Full 10-year term available on most business acquisitions
- Partial change of ownership now SBA eligible
- Can include working capital
Owner Occupied
Commercial Real Estate
- 90%-100% financing available
- Full 25-year term on most real estate acquisitions
- SBA 7(a), and 504 loan structures, or a combination of both
- Can include working capital (7(a) or Express), equipment, improvements and closing costs
- Must be 51% or more occupied by borrower’s operating company to be SBA eligible
Business Expansion
- Up to 90% financing, sometimes more
- 10 to 25-year term options
- New location, buying a competitor or related business, additions to building at current location, other
- Can include working capital, equipment and improvements
- Must be in business at least two years
Partner Buyout
- Up to 100% financing available
- Full or partial buyouts are eligible
- Special packages available for Professional Practice, Senior Care, and Management Buyouts
- Can include working capital, equipment, improvements and closing costs
Franchise
- Startups
- Expansions to additional locations
- Acquisitions
- Construction for leasehold improvements
- Can include FF&E, Working Capital, Closing Costs
Construction
- Up to 90% financing available
- Construction-to-Permanent financing, one closing, one set of documents
- Contingency for Cost Overruns included
- Interim Interest Reserve included
- Includes Contractor Qualifications, Cost Analysis, Disbursement Controls, Site Inspections at each Draw request, and Insurance Requirements
Ready to talk about financing? There are a few things that are helpful to prepare for an initial call.
- Estimated project costs
- Three years of tax returns, interim financial statements on existing business(es) including Income Statement, Balance Sheet, Debt Schedule
- Three years personal tax returns – all owners 20%+
- Personal Financial Statement – all owners 20%+
FAQs
Our experienced team is here to help you navigate the commercial real estate financing process. Check out the answers below to questions we often receive from borrowers.
- What types of loans does FNB Small Business Finance offer?
We offer SBA 7(a), 504 and SBA Express Credit Lines.
In some cases, we can combine these products to create a customized solution to best meet your business needs.
- What rate structures do you offer?
On SBA 7(a) loans we offer quarterly variable, 3-year or 5-year fixed rates. You choose the rate structure that best meets your needs.
On SBA 504 loans, the Certified Development Company (CDC) loan is a fixed rate for 25 years. On the FNB Small Business Finance First Trust Loan we offer quarterly variable, 3-year and 5-year fixed rates. You choose the rate structure that best meets your needs.
On SBA Express Credit Lines, we offer only a quarterly variable rate.
- How long is the term of the loan?
On Business Acquisitions, Partner Buyouts, and other non-real estate SBA 7(a) loans, the term of the loan is 10-years.
On Real Estate Loans, both the SBA 7(a) and the SBA 504 loans have a 25-year term.
- How much money do I need for equity injection?
- A seller note for up to half the required equity can be used.
- A Seller note for half the required equity can be used in some cases.
- Up to 100% financing is available for rent replacements, existing building expansion.
- For acquisition of other real estate, typically equity of 10% of purchase price from the buyer is required by FNB SBF.
For an SBA 7(a) loan for Business Acquisitions (100% buyout), the SBA requires a 10% equity injection on Total Project Costs
For an SBA 7(a) loan for a Partial Business Acquisition, we require a 5% equity injection on Total Project Costs
For Partner Buyouts, 100% financing is available.
For SBA 7(a) real estate loans:
For 504 Real Estate Loans, SBA rules require a 10% equity injection from the buyer. If Special Use SBA rules require a 15% equity injection from the buyer.
Pre-Application Checklist:
To get started, we recommend that you reach out to your nearest FNB Small Business Finance Development Officer to schedule an initial call. The following checklist will help you prepare for this call:
- Estimated project costs
- Three years of tax returns, interim financial statements on existing business(es) including Income Statement, Balance Sheet, Debt Schedule
- Three years of personal tax returns – all owners 20%+
- Personal Financial Statement – all owners 20%+
