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

Find New Business Loan Options in Asheboro, NC

Running A Business 2 min read

Ready to talk to an expert?

If you’re looking for a new business loan in Asheboro, NC, you’ve got options. First Bank offers a wide selection of loans to help business owners succeed in the competitive market. Whether you’re looking for a construction loan or a loan to get your new business on its feet, First Bank is conveniently located for Asheboro residents to quickly and easily learn more about our services.

Types of Business Loans at First Bank

At First Bank, we’re proudly rated one of the best banks in North Carolina, according to Forbes. We have several loan options to help local businesses start up and develop. Here are some of the services we offer:

  • Business Loans: With an immediate lump-sum of cash, First Bank’s business loans can help you put funds toward expanding your business in this long-term financing option.*
  • Line of Credit: A line of credit from First Bank can give you the flexibility to quickly and conveniently access cash for your business. This means that you can take advantage of any business opportunity you come across while tracking your business expenses separately from your personal accounts.
  • Commercial Mortgage: First Bank offers competitive pricing on a wide selection of commercial mortgage products. With access to our staff of commercial real-estate specialists, we can offer you industry knowledge and market area expertise.
  • Construction Loan: Construction loans can give a helping hand to businesses looking to finance a construction, remodeling, expansion, or other construction projects. First Bank’s financing team help business owners and builders get the necessary loans to successfully complete their goals.
  • Business Credit Cards: With First Bank’s Mastercard Business Card with Rewards, we provide a great expense management tool for your business with low rates, no annual fee, and rewards benefits.*

Find a Small Business Loans at First Bank

Since 1935, First Bank has helped small business owners in North and South Carolina with all their banking needs. Come see how we can help you get a new business loan in Asheboro, NC at one of our two branches. Stop by today to see how we can help your business succeed.


*Loans subject to credit approval. See our Terms and Conditions for complete details on our One Rewards Program. MasterCard, Debit MasterCard and the MasterCard brand marks are trademarks of MasterCard International Incorporated.

———-

Source:

https://localfirstbank.com/article/first-bank-spotted-in-times-square/

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

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 payroll services for small businesses from First Bank. Outsourcing Your Payroll Services Many small businesses outsource services to compete with larger companies. Payroll services are one of the primary aspects of conducting business that new entrepreneurs outsource, and the benefits can add up. Instead of spending a significant amount of time providing management reports, calculating payroll, and preparing checks, owners and their employees can focus on the rest of their work priorities. The Houston Chronicle named its top 4 advantages of outsourcing payroll as part of your business’ financial management. “Accountability”—With constantly changing tax regulations, it’s almost inevitable that you’ll make an error in your calculations. Many payroll providers “offer services to file state and federal payroll taxes for your business.” This saves you time that might have been lost in calculating taxes and potentially refiling them later. “Tax Expertise”—The IRS states that “40 percent of small businesses pay penalties each year for late or incorrect filings and payments.” How can you avoid this? A tax guarantee. This is something that many payroll providers offer that may cover you financially if any penalties are incurred when taxes are filed. “Productivity”—This can’t be emphasized enough: outsourcing payroll services saves you time (a lot of it). Managing your own payroll system takes up a lot of your time and prevents you and your employees from pursuing “more important value-added and revenue-generating activities.” It can also save your employees a trip to the bank. “Financial Reporting”—Drafting and finalizing financial reports for your small business is also extremely time-consuming. Many outsource providers offer a variety of report services, including “summaries on earning statements, payroll by departments, timesheets, expenses,” and more. This helps you to keep detailed records of your business’ financial history. A Payroll Service Provider You Can Trust for Your Small Business When you’re outsourcing a service, particularly a financial one, it’s important for you to not only have confidence in that provider’s abilities but in its trustworthiness as well. As your community bank, we’ve 3 min read
3 Reasons to Use a Commercial Building Loan Calculator If you’re looking to build or to purchase a commercial building, it’s a great idea to start with a commercial building loan calculator. It can give you a sense of how much to borrow for the property you’re hoping to purchase, what your loan payments might look like each month, what amortization does to your loan, and whether the provider of the commercial building loan calculator might make a good financial partner. First, let’s start with what a commercial building loan is. Much like a mortgage loan is used to purchase or refinance a home, a commercial building loan is used for an office space or piece of property that will be used or owned by a business. Commercial building loans (aka commercial mortgages) are typically funded by a bank or another type of financial institution and often require collateral. The collateral for your commercial building loan is usually the commercial property or real estate that your business wants to buy, build, or refinance. As with most type of loans, the lending partner will take into account your creditworthiness and ask for documentation of your business (e.g. tax returns, bank statements, balance sheets, etc.). See what it takes to apply for a business loan. Commercial Building Loan Calculator Benefit One: Get a Sense of Payment Amounts By using a commercial building loan calculator, you can figure out how different interest rates impact your loan. Plus, you can adjust the term of the commercial building loan to see the amount the lender expects you to pay back each month and how long it might take you to pay off your loan. The “term” of a commercial building loan is the time limit (in years) within which the loan must be repaid. Commercial building loans are offered in a variety of terms lengths. Commercial Building Loan Calculator Benefit Two: What Does It Mean to Amortize A commercial building loan calculator can also give you an idea of what different amortization does to your commercial mortgage. This is because amortization determines how much principal and interest you pay back each month on your commercial building loan. Note that if the number of years you choose to amortize is longer than the term of 4 min read
Image for tile. [First Bank Webinar] Banking on Business: Everyday Strategies for Running Your Business Event Details: Date: Tuesday, October 29 Time: 12-1 pm Location: Zoom Webinar What to Expect: Our First Bank experts will share tips and advice on running your business day-to-day in a dynamic roundtable format moderated by Joe Diggs, SBA Sales Leader. Topics covered include: Cash Management: Efficiently managing your cash flow and financial operations Preventing Fraud: Protecting your business from financial threats Access to Capital: Exploring the best ways to secure funding for growth Growth Strategies: Planning for long-term success Employee Engagement: Building a motivated and dedicated workforce Meet our First Bank Experts: Joe Diggs, SBA Sales Leader Jenna Williams, Director of Treasury Services Rob Patterson, Community Banking Executive Karen Smith, First@Work Business Development Officer Our knowledgeable panel will share their experiences and provide actionable insights, helping you make informed decisions for your business. Whether you’re looking to streamline operations, expand, or improve employee satisfaction, this webinar has something for everyone. How to Register: [Registration closed] Can’t Attend? We’ve Got You Covered We understand that not everyone may be able to attend due to scheduling conflicts or potential disruptions, especially with Hurricane Helene impacting parts of the Carolinas. If you’re unable to join the webinar live, whether due to internet access issues or other conflicts, don’t worry! We will be recording the session, and it will be available for you to view on our website. The recording will be posted shortly after the event, so you can still benefit from the expert insights and strategies discussed. Keep an eye on our website for updates, and feel free to reach out to your local branch for any specific questions you may have after viewing the recording. 2 min read