SBA Loans for Small Business: Competitive Rates and Easy Approval

sba loan page image sba loans small business loans 1st national bank

Are you a small business owner looking for funding to grow your business? Look no further than 1st National Bank’s SBA loans! With lower interest rates, longer repayment terms, and flexible use of funds, our SBA loans can provide the financing you need to achieve your business goals. Our experienced team is here to guide you through the application process and help you secure the funding you need to succeed. Don’t wait, contact us today to learn more about our SBA loan options and take your business to the next level!



What are SBA Loans?

The Small Business Administration (SBA) offers loans to small businesses to help them start, grow, and expand. SBA loans are government-guaranteed, which means that the SBA guarantees a portion of the loan to the lender, reducing the lender’s risk.

Benefits of SBA Loans

SBA loans offer several benefits to small business owners, including:

  • Lower interest rates: SBA loans typically have lower interest rates than traditional bank loans.
  • Longer repayment terms: SBA loans offer longer repayment terms than traditional bank loans, which can help reduce monthly payments and improve cash flow.
  • Flexible use of funds: SBA loans can be used for a variety of business expenses, including working capital, equipment purchases, and real estate.


How to Qualify for an SBA Loan

To qualify for an SBA loan, you must meet the SBA’s eligibility requirements, which include:

  • Being a small business: Your business must meet the SBA’s size standards, which vary by industry.
  • Having good credit: You must have a good credit score and a solid credit history.
  • Having a strong business plan: You must have a solid business plan that demonstrates your ability to repay the loan.
  • Having collateral: You may be required to provide collateral to secure the loan.



SBA loans are a popular option for small business owners who need funding. They offer lower interest rates, longer repayment terms, and flexible use of funds, making them an attractive financing option for many entrepreneurs. The U.S. Small Business Administration (SBA) guarantees these loans, which means that lenders are more willing to lend to small businesses that might not otherwise qualify for traditional bank loans. SBA loans can be used for a variety of purposes, including working capital, inventory, equipment purchases, real estate, and more. With their competitive terms and wider eligibility requirements, SBA loans can be a great resource for small businesses looking to grow and thrive.


More information about SBA loans available on their website. Click here.

How to Plan Your Finances

  Are you looking to plan your finances but don’t know where to start? Never fear, we have some helpful tips and things to consider to get you on your way. In this article, we will cover how to plan your finances and things to consider while planning.     Create a Budget and Stick to It The first thing […]

Continue Reading..

Traditional IRAs vs. Roth IRAs

    Traditional IRAs vs. Roth IRAs | Taxes and Building Wealth The year is wrapping up and a goal for a lot of Americans means building wealth for a stable future. For many this means re-working the family budget, looking for money-saving discounts, and learning new ways to keep more money in the bank. One great way to keep […]

Continue Reading..

Rate Lock Mortgages

Rate Lock Mortgages: What you need to know.   What are rate lock mortgages? Rate lock mortgages are a lender’s offer to secure a certain interest rate for an agreed-upon term. Rate locks protect you from raising interest rates but also keeps you from taking advantage of falling interest rates. Your lender may offer a “one-time float down” option to […]

Continue Reading..

Read More ...