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Business Expansion

Expanding your business is an exciting step, but one that requires money. Qualifying for a business expansion loan can give you the extra capital you need to fund growth and expansion in your business. At First National Bank Small Business Finance, our focus on SBA loans means we can help you find the best fit from the SBA’s various lending programs to handle the controlled growth of your business.

Propel Your Business Forward

Whether you have large or small borrowing needs, there are financial options available to help you expand. Business expansion loans are typically used for opening new locations, hiring extra staff, remodeling existing locations, upgrading to a larger facility, purchasing new equipment — whatever helps take your business to the next level. Recognizing when your business is in need of additional resources is just the first step. Our dedicated SBA lenders can help with the next step — securing the needed capital to propel your business forward.

Business Expansion

Key Features

  • Up to 90% financing available
  • Leasehold improvements on leased location
  • Can include furniture, fixtures, equipment, and working capital

Benefits

  • Lower down payments
  • Helps you build and maintain cash flow
  • One loan for many of your business’ needs

The Loan Process

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1. Set up time to talk with us

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

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2. Gather Information

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

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3. Proposal Letter

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

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4. Complete the application

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

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5. Underwriting & Approval

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

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6. Closing the Loan

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

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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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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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