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Business Acquisition

Buy or refinance a business

Whether you’re a business owner looking to add another business to your portfolio or an entrepreneur seeking new opportunities, a business acquisition loan is a great way to acquire a business.

Propel Your Business Forward

Our SBA loan experience can prove to be invaluable when acquiring a business. The SBA’s 7(a) loan program is one of the most common avenues of business acquisition and can offer up to $5 million in funds for working capital, equipment purchases, real estate purchases, and startup costs.

Business  Expansion

Key Features

  • Up to 90% financing for general industries
  • Up to 90% financing (sometimes more) for Professionals, Franchises, and Senior Care
  • Financing for new buyer(s), franchise acquisition, and partner buyout
  • 10-year term, longer if real estate is included in the transaction
  • Goodwill financing available
  • Can include working capital and new equipment

Benefits

  • Lower down payments
  • Helps you build and maintain cash flow
  • One loan for many of your business needs
  • 10-year term, longer if real estate is included in the transaction

The Loan Process

1. Set up time to talk with us

Schedule time online to meet with one of our Business Development Officers (BDO)

2. Gather Information

During our discussion, we will request information about you, your business, and your project.

3. Proposal Letter

Next, we'll provide a Proposal Letter explaining the proposed structure of your loan, the rate, terms, and number of years.

4. Complete the application

Your BDO will help you complete the application for submission to credit underwriting.

5. Underwriting & Approval

Once you've submitted your application we take it from there. Our goal is formal approval within 10 business days.

6. Closing the Loan

A loan closer will be assigned to you to help coordinate your closing.

7. Funding

Depending on how your loan has been structured, disbursement can be made one time or as multiple disbursements.

Get Started Today

Success Stories

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.

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Talk to a member of our Small Business Finance Team

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Notices & Disclosures
  • NMLS #766529
  • SBA Lender
  • Some applications may require further consideration and additional information may be requested. Credit terms are subject to approval.
  • Normal credit standards apply. Maximum amount of credit is subject to SBA Program limitations.

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