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Small Business Startup Loans in North Carolina

Running A Business 2 min read

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If you have a good idea and a little bit of business savvy, a small business startup loan can serve as the cornerstone to your fortune. Whether it’s a traditional business loan, credit line, commercial mortgage, construction loan or business credit card, First Bank* can provide the foundation you need to become your own success story.

Sign up for a free small business financial consultation with one of our experts or visit your nearest North Carolina First Bank to learn more about a small business startup loan.

Small Business Loans from First Bank

First Bank’s small business startup loan offerings include:

  • Lump-sum loan to finance equipment or vehicles
  • Business credit card for all those everyday business expenses
  • Business line of credit for continued borrowing
  • Commercial mortgage so you can buy the business space of your dreams
  • Construction loan for starting from scratch or renovation projects

Learn more about how First Bank’s small business start up loans can help you succeed.

Using a Loan to Start a North Carolina Small Business

Our support for small businesses extends well beyond startup loans. Utilize our Financial Education Center to read about valuable information for small business owners including:

  • How to evaluate a location for business potential.
  • Tips for marketing a small business and social media strategies.
  • Common cash management mistakes and how to avoid them.
  • How to utilize Google to help new customers find you.
  • Ways to thank your customers and cultivate loyalty.
  • How to gather customer data.

Come to First Bank for a small business startup loan and turn your idea into a success story! Contact us or stop by a North Carolina First Bank location near you. 

For even more information on First Bank, read our articles on what’s required to open a business checking account, construction loans in North Carolina, and small business credit card comparisons.


Loans subject to credit approval.

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Sources:

Small Business: http://smallbusiness.chron.com/definition-business-loans-1902.html

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How To Get A Small Business Loan If you are an entrepreneur ready to start your own business, or a seasoned small business owner looking to expand, you may need to know how to get a small business loan. Acquiring the funds to start or grow your small business can be challenging, especially if you are unsure of which steps to take first. Below you’ll find the six key steps to successfully obtaining the loan you need. 6 Important Steps to Get a Small Business Loan According to Forbes, these are six important steps you should take in order to get a business loan: Start early. Think about your needs and the relationships you should build prior to actually requiring the loan. Decide what the money will be used for. Know how the money will be used and determine if that is a good or poor use of money. Adjust if necessary. >Decide how much money is needed. Make sure you don’t ask for too little or too much. Have a budget in mind, and show your research and projections. Know your score, income, industry risk, cash flow. Lenders will look at a lot of different information to determine if the principal borrowing the money is reliable Find a lender. You should research what type of lender can best fulfill your business needs. Consider your local First Bank.* Prepare your loan application. Generally this includes a business plan, financial results and projections and other relevant financial information. Business Loans from First Bank** If you are looking for a small business loan in North Carolina or South Carolina, your first step is to contact or visit your local First Bank branch. We’ve been providing entrepreneurs and small business owners with the tools they need to succeed since 1935, and we are committed to that same standard of service today. Our loan experts will talk to you about our requirements and guide you through the application process. We even offer an online Financial Education Center that features tips and tricks for starting, managing, and growing your business. * Member FDIC **Loans subject to credit approval. ——— Sources: Forbes: http://www.forbes.com/sites/aileron/2014/10/02/7-steps-to-getting-a-business-loan/ 2 min read
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