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Debt Refinance

Refinancing your business’ debt can improve cash flow, growing your business while extending repayments out over a longer period of time. Most importantly, it can help your business save money by getting rid of high interest rates. Growing your business should be your priority, not paying off debt. That’s why the experienced SBA lenders at First National Bank Small Business Finance are here to help.

Funding to Cover Existing Debts

We can help improve your cash flow by refinancing or consolidating your debt through the SBA’s 7(a) and 504 loan programs. Our lenders can help you determine if the original loan is SBA eligible – a basic requirement for debt refinance – and structure a deal that will meet your financial needs in the most timely and convenient manner possible. If you need funding to cover existing debts, turn to the professionals at First National Bank Small Business Finance.

Debt Refinance

Key Features

  • No equity injection required
  • Must save at least 10% on current debt service
  • Up to 25-year term

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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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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