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

Important Information: We’re here to help, click here for important information on our coronavirus response.

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

College Savings Account – Florence SC

If you are a future college student, or the parent of a child headed to college, you’ve probably thought a lot about paying for the cost of tuition. Read more to learn about First Bank’s different college...

Construction Loans NC

The thought of building a new home can be daunting. All that planning. All that work. And all that money. At First Bank, we can’t design a floor plan or hang drywall, but we can make that last part a little easier to...

Personal Finance Articles & Advice | First Bank

Looking for advice on how to better manage your finances? First Bank’s* collection of personal finance articles can help you with every aspect of managing your funds, from saving money to investing...

Best Checking Accounts – Florence, SC

If you’re looking for the best checking accounts in Florence, SC, you have a lot of different options. At First Bank in South Carolina, we have two convenient locations in Florence that offer five personal...

Mastercard Bank

First Bank offers Mastercard debit and credit cards for individuals and businesses who want to get the most out of their card. With a Mastercard credit or debit from First Bank, you’ll enjoy all of the benefits...

How Much Should I Have in Savings at Age 35?

How much money should you have in your savings account at the age of 35? It largely depends on when you started saving, your income and lifestyle, and whether you carry consumer debt. Savings for Adults in Their...

Checking Account Offers – High Point NC

High Point, North Carolina is home to over 100,000 people and is considered the “Home Furnishings Capital of the World.” In addition to High Point’s rich history of furniture manufacturing, they have...

Savings Account – South Carolina

If you live in South Carolina and are looking for a savings account, your local First Bank can help. We offer savings accounts to meet a variety of needs, and we are dedicated to helping you find the best...

Find the Best Checking Accounts in South Carolina at First Bank

For residents in South Carolina, finding the best checking account can be crucial to managing your finances. But with so many banks in the area, it can feel overwhelming to choose the right option. At First Bank, we are...

Construction Loans 101: Adjustable Rates

If you’re considering building a home, one of the more pressing concerns is the rate you’ll receive for a construction loan. For residents of the Carolinas, First Bank* has convenient locations to stop by for a...