Small Business Administration (SBA) Loans

The U.S. Small Business Administration (SBA) has developed loan programs designed for small and/or growing businesses. While the funds are guaranteed in whole or in part by the SBA, the loans originate and are serviced locally by First National. We participate in multiple programs to meet the unique needs for a wide range of small businesses.

SBA 7(a) Loans

• Terms up to 10 years for working capital
• Terms up to 25 years for fixed assets
• Expansion or renovation of an existing building
• Construction of a new facility

• Purchase land, buildings, equipment, inventory and fixtures
• Leasehold improvements
• Refinancing debts for compelling reasons
• Start-up business

SBA 504 Loans

• Long-term financing for major fixed assets and real estate
• Below market fixed rates
• Construction of new facilities

• Renovating or converting existing facilities
• Purchasing land and improvements
• Purchasing long-term machinery and equipment

The 504 Program CANNOT be used for working capital or inventory, consolidating or repaying debt, or refinancing.

SBAExpress

SBAExpress is a loan program that streamlines the processing and loan procedures for less complex SBA loans. Costs are lower and decisions are faster.

• Response will be given within 36 hours
• Accelerated process for short-term needs
• Seasonal lines of credit