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 Loan Requirements in Asheville, NC


Did you know that loan approval rates at small banks have increased in recent months? As you’re looking into small business loan requirements in Asheville, NC, consider a community bank like First Bank.

Common Requirements for a Small Business Loan

Each lender will have its own criteria for granting a loan, but you’ll quickly realize there are some common requirements for small business loans, including:

  • Personal background, such as previous addresses, criminal record and education
  • Business plan
  • Resume/business experience
  • Personal and business credit reports
  • Tax returns, bank statements, and other financial statements

You may also be asked questions that demonstrate your vision that the loan will help materialize: why you are applying for the loan, how you are utilizing the money, and who else will be managing the money from the loan. In some cases, it may be requested that you provide some form of collateral to secure the loan.

Get a Small Business Loan at First Bank

In Asheville, NC, First Bank has three locations that offer various forms of business loans, including loans for startup costs, credit lines, commercial mortgages, construction loans, professional loans, and a business credit card.

You can learn more about First Bank’s business loans with one of our experts. Visit our Asheville, NC, branches to learn more about our small business loan requirements. Don’t rely on a big business bank for your small business needs. Come to First Bank today.


Loans subject to credit approval.

Trending Topics
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… Conventional Mortgage Loans Applying for a home loan can be a strenuous process, especially if you’re unsure which type of loan is the best fit for your financial situation. Before you apply, it… Save Money with This Refinance Calculator for Home Mortgages When mortgage interest rates are low, homeowners should compare their current mortgage terms with the option of refinancing. By locking in the right rate, homeowners can take advantage of significant… Five Reasons to Refinance Your Mortgage Banking professionals suggest mortgage refinancing when homeowners want to replace their current loan with a new one, often to reduce monthly payments or lower interest rates. With a mortgage refinance,… Home Refinance Rates from First Bank With the country’s average interest rates for 30-year fixed mortgage rates currently at their lowest, now is a good time to consider refinancing your home. Low home refinance rates mean… 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… Calculate Your Monthly Mortgage Loan Payment (with Taxes and Insurance) A mortgage loan calculator with taxes and insurance can help prospective homeowners prepare for the financial responsibility of owning a home. Purchasing a home may be one of the biggest… Business World Credit Card Business owners use credit cards to pay for most business expenses. It's important to have a business credit card that enables you to get the most out of your money. Discover… Commercial Loan Payment Calculator Are you interested in obtaining a commercial mortgage? A commercial loan calculator* can help determine your monthly payments. This is important because purchasing a location for your business is significant… Refinance Your Mortgage with These 5 Tips Over time, the mortgage market fluctuates and creates new opportunities for homeowners to revise the terms of their mortgage. This is known as refinancing. When refinanced, a mortgage can include lower…