Get the financing your business needs now and in the future. First National Bank knows that you need working capital to survive and thrive and we’re here to help you get the funds you need when you need them. We work with loans guaranteed by the Small Business Administration and USDA Rural Development. Our loan officers are ready to help you choose the best credit product to help you take your business to the next level. We are here to help get the most of the work you do.
Our bankers know agricultural-business. First National Bank offers a variety of commercial loan products that can help you reach your goals to expand your operation or just maximize cash flow.
As a community bank, with ties to farm production, we know the challenges and unique needs of an agricultural -business operation. Call us to discuss the ways we can help you meet your immediate needs and long-term plans.
Our agricultural loan specialists are committed to providing you with expert financial advice and prompt professional service. We are just as comfortable in the field or the livestock yard as in the office. Come to talk to us about loans for:
- Farm/ranch real estate
- Livestock/livestock facilities
- Operating expenses
- FSA Guaranteed loans
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Get the financing your business needs now and in the future. First National Bank knows that you need working capital to survive and thrive and we’re here to help you get the funds you need when you need them.
We work with loans guaranteed by the Small Business Administration and USDA Rural Development. Our commercial loan officers are ready to help you choose the best credit product to help you take your business to the next level. We want to work with you to help you do your best work.
Small Business Administration (SBA) Loans
SBA loans are designed for businesses that are looking to finance any of the following: start-up, acquisition, remodel, expansion, succession, real estate purchase/construction, equipment, leasehold improvements, inventory & working capital, franchise fees, or debt refinance. We offer a full range of commercial banking products to complement SBA lending solutions and our experienced SBA Loan Officers will guide you through the eligibility requirements to determine if an SBA loan is right for your business.
SBA - 7(a) Loans
The 7(a) loan program is one of the most popular loans utilized by small businesses. The use of proceeds may include:
- • Acquisition, expansion, renovation, or construction of Owner Occupied Commercial Real Estate
- • Purchase Equipment & Machinery
- • Working Capital
- • Business Acquisition
The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation. The 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. 504 loans are made available through Certified Development Companies (CDCs). 504 Loans are typically structured with First National Bank covering up to 50% of the total project costs, SBA providing 40% of the total project costs, and the borrower contributing 10% of the project costs. Under certain circumstances, a borrower may be required to contribute up to 20% of the total project costs.
The use of proceeds from 504 Loans must be used for fixed assets (and certain soft costs), including:
- • The purchase of existing buildings;
- • The purchase of land and land improvements, including grading, street improvements, utilities, parking lots and landscaping;
- • The construction of new facilities or modernizing, renovating or converting existing facilities;
- • The purchase of long-term machinery and equipment with a useful life over 10 years
- • Up to 90% financing
- • Longer loan amortizations, no balloon payments (Equipment up to 10 years, Real Estate up to 25 years)
- • Fixed-rate interest rates
- • Projects up to $12,000,000
Commercial Real Estate Lending
Whether you’re looking to purchase, renovate, or refinance your commercial real estate, First National Bank can help you achieve your goals. Our expert commercial lenders provide businesses and real estate investors with the financial solutions they need to grow and thrive. And, with a range of financial products, you can easily find a way to finance any commercial property.
Traditional Commercial Real Estate Loans
Financing for a variety of properties, including office buildings, industrial buildings, multi-family units and retail centers. With a flexible loan structure, borrowers are provided the opportunity to maximize their return on investment.
Multi-stage loans that use the equity you build into your developments to unlock financing for the next phase of your projects.
Value Add CRE Financing
Bridge loans offer short-term financing designed to help you improve or resell a property when you have an opportunity right in front of you.
Land Development Loans
Loan proceeds are utilized by real estate developers to acquire and develop raw land or unimproved land parcels for future construction.
Investor Owned Residential Real Estate (IORRE) Loans
Financing provided to investors to acquire multiple SFRs, condos and townhomes for investment purposes.