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:
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.