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Take Your Professional Practice to the Next Level with an SBA Loan
As a professional, you've dedicated countless hours to refining your expertise and establishing a practice. A successful professional practice, however, requires careful planning for future growth and success. No matter what goals you have for your practice, it's important to evaluate your long-term financing options to help you achieve them.
What Manufacturers Should Know About SBA Loans
There are almost 600,000 small manufacturers in the U.S. according to the SBA, and if you're one of them, you've likely thought about goals for your business's future growth. If you need financing to achieve these goals, an SBA loan can be a great option. With an SBA loan through FNB Small Business Finance, you can have quicker access to the capital you need to take your business to the next level.
What is Preferred Lender Status and Why Is It Important?
There are many factors to consider when evaluating potential lending partners for your SBA loan. One of the most important factors is one you might not have thought of – Does the lender have Preferred Lender Status with the SBA?
What Should Small Business Owners Know About SOP 50 10 7.1?
On November 15, 2023, the revised Small Business Administration (SBA) Standard Operating Process (SOP) 50 10 7.1 took effect. There were a number of changes that could be very impactful to small business owners and their access to capital.
How Can We Craft an SBA Loan to Fit Your Needs?
At FNB Small Business Finance, we know that every small business owner has unique needs when it comes to long-term financing for their business. Whether you’re looking to start, acquire, or expand your business, our team is here to help! With decades of expertise, we can be creative with how we structure your SBA loan. This can include:
You're Ready to Buyout a Business Partner, Now What?
Buying out a business partner is a huge step for many small business owners. Whether you’re interested in a partial partner buyout or obtaining 100% ownership of the business, it’s a step that might require long-term financing. While there are many options available to small business owners, an SBA partner buyout loan could be a great fit for you.
Why Should You Partner with the SBA Lending Team at FNB?
Are you in search of financing to fund your business goals? There are many SBA lenders in the market, but it’s important to partner with a lender that matches your passion for growth, understands your industry, and ultimately makes you feel comfortable.
Applying For An SBA Loan? Here’s How to Put Your Team Together.
At FNB Small Business Finance, our Business Development Officers work closely with every borrower, guiding them through the SBA loan process to make sure everything runs smoothly. First course of action – Assembling your SBA Project Team! This is pivotal to setting yourself up for success.
You’re Ready to Open a Franchise Location, Now What?
Opening a franchise location is a great step for many first-time small business owners! There are many benefits to franchise ownership, including business support from the franchisor, lower business risk, and existing brand awareness. However, opening that location can be costly, depending on the franchisor’s fees and whether purchasing commercial real estate is included. That’s where SBA lending comes in!
The Crucial Impact of Small Businesses in America
The first week of May is designated as National Small Business Week, a time to recognize small business owners and entrepreneurs throughout America. The latest statistics show that there are 33.2 million small businesses in the United States, accounting for 99.9% of all U.S. businesses. While they may be referred to as “small businesses”, one thing is for sure — the impact of these businesses is anything but small.
Your SBA loan has been approved – what’s next?
Your SBA loan has been approved! Next step: closing. You may be asking yourself what is needed from you as the small business owner in the closing process? Our goal is to make the closing process as smooth as possible, which is why we have a Closing Specialist who will be able to provide the answer to that question. Although there’s still work required to get you to the finish line, our Team will be here to guide you through every step.
The History of Prime Rate and How It Impacts Small Business Owners
Whenever the United States is faced with inflation or a recession, it is the Federal Reserve’s job to adjust the federal fund rate to combat that. The Federal Reserve generally lowers rates in order to stimulate growth, while increasing rates to slow inflation with the hope of returning to a more sustainable level.
How FNB Small Business Finance Can Help You Achieve Your New Year Goals
As a small business owner, you might be thinking what’s next for you or your business in the new year. Do you want to buy a business? Do you want to buy commercial real estate for your current business?
What Is Interest Rate Volatility and Why It Matters?
For business owners who are seeking financing, interest rates play a significant role in finding the best loan option since they can impact borrowing costs greatly. When the Federal Reserve raises rates, the monthly payments for things like small business loans can become proportionately more expensive. For a small business owner who has to account for their business finances over the next several years, a seemingly small change can have major impacts.
What does the SBA loan process look like with FNB Small Business Finance?
When you partner with our team at FNB Small Business Finance, we want the process to be as transparent as possible to ensure everything goes smoothly. Our team has decades of experience and is dedicated to helping small business owners achieve success. Here is what you can expect the SBA process to look like with our team.
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