Our Loan Process
We want to make the process of applying for a First National Bank SBA loan as simple as possible so here is how it works:
We want to make the process of applying for a First National Bank SBA loan as simple as possible so here is how it works:
Our goal is to build a long-term relationship with you. We have helped many of our clients with second and third loan requests as they have grown their business. We want to become a strategic partner in your success and help you grow your business. From the earliest days of our business partnership, you will have an experienced team responsible for your loan transaction. It is our goal to bring value to you and your business, maintaining the highest level of communication throughout our loan process:
Schedule time online to meet with one of our Business Development Officers (BDO)
During our discussion, we will request information about you, your business, and your project.
Next, we'll provide a Proposal Letter explaining the proposed structure of your loan, the rate, terms, and number of years.
Your BDO will help you complete the application for submission to credit underwriting.
Once you've submitted your application we take it from there. Our goal is formal approval within 10 business days.
A loan closer will be assigned to you to help coordinate your closing.
Depending on how your loan has been structured, disbursement can be made one time or as multiple disbursements.
First National Bank Small Business Finance has provided SBA Loan assistance for a host of business entities with a broad range of financial needs. Here are some examples of businesses we have recently assisted in realizing their goals.