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

Small Business Loans for Women – Asheville, NC

Running A Business 2 min read

Ready to talk to an expert?

Asheville, NC, has plenty of resources available for women entrepreneurs and business owners, making it a great choice for any women looking to start a business.

If you’re an aspiring entrepreneur, First Bank offers plenty of small business loan options in Asheville. First Bank started as a small community bank, helping local businesses manage their hard earned money, and today we continue to help others financially.

First Bank Small Business Loan Services

Our small business loans provide you with the funds you need to start or expand a thriving business. First Bank also offers other financing options to help you get a competitive edge over your opponents in the business world, including:

    • Business credit cards with rewards
    • Lines of credit
    • Commercial mortgages
    • Construction loans
    • SBA loans

We offer flexible terms and competitive rates on all of our business loans. So you can spend less time worrying about complicated terms and high rates, and more time focusing on your business.

Create Your Own Success Story with First Bank

Last year, in partnership with the Asheville Area Chamber of Commerce, we established the Suzanne DeFerie Lifetime Achievement Award to honor women who have distinguished themselves over a lifetime by demonstrating excellence and leadership in business.

Forbes recently ranked Asheville, NC, as 34th in the nation on their list of Best Places for Business and Careers. Asheville is continuing to grow with tourists, potential residents, and entrepreneurs flocking to the city, making it a perfect time to take out a small business loan and kickstart your business.

To learn more about First Bank’s small business loans for women, call or visit one of our Asheville, North Carolina locations.


Loans subject to credit approval.

———-

Sources:

Asheville Business Networking: http://ashevillebusinessnetworking.com/tag/women-in-business/

Asheville Business Blog: http://blog.ashevillechamber.org/2013/08/2013-women-entrepreneurs-best-in.html

Forbes: https://www.forbes.com/best-places-for-business/list/

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...

Credit Card Processing for Businesses If you are a business owner, you probably know that accepting multiple forms of payment (cash, debit, credit, and checks) is important. But you may not know just how essential credit card processing is to the success of your business. In the next few years, only 23 percent of all point-of-sale purchases are expected to be made with cash. That means a greater number of shoppers favor credit and debit cards over the traditional cash payment. Couple this statistic with the growing trend of mobile shopping, businesses have to innovate to acquire and maintain customers. Transitioning from cash-only to accepting other forms of payment may seem like a hassle, but with First Bank, it doesn’t have to be. Credit Card Processing from First Bank* First Bank offers payment processing and management services for businesses of all sizes. With First Bank, your business can accept credit cards, debit cards, electronic checks, and other forms of electronic payments. First Bank is partnered with Heartland, one of the nation’s largest providers of merchant card processing. With our services, you can: Improve revenue capture Expand your customer base Create purchase mobility Reduce payment risk Our payment processing and management solutions give you the ability to process payments through point-of-sale terminals, the Internet, and wireless and mobile applications. And we make it easy to keep track of your sales and payments with our web-based reporting service. Before you put a “cash only” sign on your front door, stop by your local First Bank to speak with one our experts about credit card processing. We’ll talk to you about your options and show you how our flexible and customizable payment processing solutions could work for your business. Sources: http://www.businessnewsdaily.com/4394-accepting-credit-cards.html 2 min read
Image for tile. Why Good Business Credit is Essential for the Success of your Business 1. Better Financing Options When your business has strong credit, it becomes easier to secure loans, lines of credit, and other forms of financing. Not only will you have access to more options, but lenders are also likely to offer you more favorable terms, such as lower interest rates and higher credit limits. Lower interest rates can save your business a substantial amount of money over time, while better terms provide flexibility in managing cash flow, covering operational expenses, or investing in growth. Good business credit reduces the risks for lenders, meaning they are more willing to trust your business’s financial stability. This trust is rewarded through more affordable financing options, which can play a significant role in sustaining and expanding your operations. 2. Higher Credit Limits for Greater Financial Flexibility One of the advantages of good business credit is the ability to secure higher credit limits. For business owners, this is crucial in managing cash flow, especially during times when expenses fluctuate or sales are seasonal. A higher credit limit ensures that your business has the flexibility to cover operational expenses, such as payroll, inventory, or other costs, without having to worry about hitting a credit ceiling too early. Additionally, with a higher credit limit, businesses can take on larger projects, invest in new equipment, or pursue larger contracts without running into immediate cash flow issues. 3. Favorable Vendor and Supplier Terms Suppliers and vendors often evaluate a business’s creditworthiness before extending payment terms. A company with good business credit is more likely to be offered favorable terms, such as net 30 or net 60, which means you have 30 or 60 days to pay your invoice. These terms improve your company’s working capital by giving you the flexibility to pay for products and services after generating revenue from them. Being able to negotiate better terms with suppliers can also allow you to take advantage of bulk purchasing or discounts, further strengthening your profit margins. On the other hand, businesses with poor credit may face stricter payment terms, which can lead to cash flow problems down the road. 4. Lower Insurance Premiums Many business insurance providers look at your company’s credit score when determining premiums. A strong credit score can help reduce the cost of insurance, lowering one of your regular business expenses. Insurance companies view businesses with good credit as being less risky, which leads to lower premiums. For small businesses, every dollar saved is important. Lower insurance premiums mean more capital to reinvest into the business, whether that’s for new equipment, employee training, or marketing initiatives. 5. Business Growth and Expansion Opportunities Strong business credit doesn’t just help you manage daily operations—it also positions your company for growth. With easier access to capital, you can seize opportunities to expand operations, purchase new equipment, hire additional staff, or even launch new product lines. Whether you’re opening a second location or scaling your team, business credit is often the foundation of these major moves. Businesses that can quickly access financing without hurdles are better equipped to take advantage of growth opportunities when they arise. On the other hand, businesses with poor credit may struggle to find the capital they need, missing out on potential revenue and growth. 6. Building Reputation and Trust Having good business credit doesn’t just help with finances—it also signals to potential partners, investors, and customers that your business is financially stable and reliable. A company with strong credit is seen as a trustworthy partner in the marketplace, which can foster stronger relationships with clients and other businesses. Investors are also more likely to invest in a business with good credit, as it reflects sound financial management and lower risk. Similarly, customers often view financially stable businesses as more reliable, leading to increased trust and loyalty. 7. Separation of Personal and Business Finances Establishing and maintaining good business credit allows business owners to separate their personal and business finances. This separation is crucial because it helps protect personal assets in the event of any business-related financial issues. Without business credit, owners often rely on their personal credit to secure loans or credit for their businesses, which can blur the lines between personal and business liabilities. By keeping personal and business finances separate, you also reduce the chances of personal credit being affected by business downturns, which helps maintain financial health on both fronts. Next Steps When you’re ready to expand and grow your business, come talk to us at First Bank. We are dedicated to helping local businesses thrive. Whether you’re looking to improve your business credit or secure financing for expansion, our team is here to provide personalized support every step of the way. Contact us today to learn more about how we can help your business succeed. 4 min read