Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Breathe Easy with Affordable Small Business Loan Rates in Albemarle, NC

First Bank has remained committed to helping small businesses and communities flourish since we opened our doors in 1935. Our dedication to providing a robust package of banking solutions with a personalized touch is why we are the best choice for your growing business.

Small business loan rates in Albemarle, NC tend to be on par with national averages. If you’re in Albemarle and thinking about applying for a small business loan, there are a few things to consider first.

  • Size of the loan — Smaller loans tend to have higher interest rates because they will be repaid at a faster rate than a larger loan.
  • Type of business — A riskier business venture will often garner a higher interest rate while safer businesses will usually attract lower rates.
  • Credit history — A poor credit history on behalf of the borrower might lead to higher interest rates while a strong credit score can open the door for lower rates.
  • Economic state — The government will at times seek to stimulate small business growth by instituting lower interest rates on loans.
  • Length of time in business — A business that has been open for a few years and is seeking a loan might generate lower rates than a brand new startup business.
  • Business structure — Whether you are a sole proprietor or an incorporation can affect your interest rate.
  • Business plan — Your business plan is your chance to sell your idea to the lender and instill confidence in your business. More convincing business plans can warrant better rates.

Get a Small Business Loan Rate with First Bank

There are two First Bank locations in Albemarle, NC that can offer competitive small business loan rates in the form of lump-sum loans, credit lines, commercial mortgages, construction loans or a business credit card. You may find that one or the other can offer you better interest rates so explore all of our options and sign up for a free small business financial consultation with one of our experts.

First Bank is located on East Main Street and Highway 52 North in Albemarle, NC and can offer you the small business loan rates you’re looking for.


Loans subject to credit approval

Trending Topics

Savings Account with Competitive Interest Rates – High Point, NC

Whether you are a student looking to save for books and pizza, or an adult planning for retirement, First Bank can provide you with a savings account. Interest rates on all of our accounts can vary, but you can be sure...

Small Business Payroll Services

If you’re like many small business owners, it’s likely that you wear many hats and are always on the go. From managing to accounting, there are multiple tasks you have to manage each day. Simplify your to-do list with...

Mortgage Rates 101: Information You Should Know

Acquiring information about mortgage rates is a vital step in the home buying process. Mortgage rates vary based on several factors, such as the amount and type of your loan and your credit score. To get better mortgage...

30-Year Mortgage Rate Forecast Tips

A great way to lock in the best mortgage interest rate is to shop around. By learning how to read a 30-year mortgage rate forecast, homeowners can pinpoint an ideal loan. Here are some useful tips for understanding...

How Much Should Small Business Owners Pay Themselves?

There are likely many reasons why you started your business. The allure of working for yourself (or perhaps just not working for someone else), the flexibility, the satisfaction of filling a uniquely identified need. Of...

Where Can I Get a Personal Loan? – Think First Bank of Asheboro, NC

If you’re looking to get a personal loan in Asheboro, North Carolina, be sure to visit First Bank. Whether you’re looking to finance a wedding or put a down payment on a house, First Bank has a variety of loan options with...

Checking and Savings Account in Apex, NC

If you live in Apex, NC, and you’re looking for a great bank to open a checking and savings account, your local First Bank—near the corner of E Williams St and S Hughes St—can help. We offer checking and savings...

FHA Loans vs. Conventional Loans: How to Tell the Difference

Overwhelmed with the prospect of buying a home? FHA loans and conventional loans are likely two sources of financing that you’ve considered. Let First Bank help you understand these options and come to a conclusion about...

Small Business Loans in Wilmington, NC

Growing a business can be difficult but rewarding. Whether you are looking to build a new building for your business, move into an existing space, or purchase equipment, First Bank has the right small business loans in...

Best Small Business Bank in Asheville, NC

Between managing a payroll, paying utility bills, budgeting overhead costs, and balancing your revenue and expenses, running a small business brings big financial responsibilities. First Bank¹ can help small businesses...