We know having the right banking partner is essential to the success of your business. First Bank of the Lake was founded to meet the needs of the local community and is proud to be an SBA Preferred Lender. That is because when a bank or financial institution has a “Preferred Lender” status, they have the authority to make final credit decisions on SBA-guaranteed loans. This means lending decisions are driven by our team of banking professionals who understand your business and are inspired to employ our creativity, understanding, experience, and expertise to build the right solution for you.
In today’s blog, we thought we would focus on some of the features of First Bank of the Lake’s SBA programs, our lending process, and our free loan consultations. If you are interested in learning more about what it is like to partner with First Bank of the Lake for your SBA loan needs, read on! This blog is for you.
Features of First Bank’s SBA 7(a) & 504 programs:
At First Bank of the Lake, our SBA 7(a) & 504 programs offer some very attractive features for business loans. One feature is longer terms for cash flow enhancement. Another is low down payment requirements. These programs also feature increased liquidity for next opportunities, and a streamlined underwriting and closing process. In addition, when you choose First Bank of the Lake as your SBA lender you will enjoy quick responses, flexible options, experienced underwriters, and fast closing.
OUR LENDING PROCESS:
Lending Partner
Your relationship with an experienced SBA Preferred Lender
begins with clear and open communication.
We learn about your goals and the challenges you face. While every business is unique, we will
provide innovative solutions based on decades of experience helping business
owners just like you. Every loan request begins with understanding your business,
your project, and your objectives. This
knowledge helps us expedite the loan process for you.
Underwriting Phase
During the underwriting phase, we carefully review your
project. We will review your business and
personal financial information, the use of requested loan proceeds, any collateral
offered, as well as special conditions unique to your situation. This detailed due diligence helps us reach
our goal of providing you with a quick credit decision. If everything lines up, you will have a loan
approval within a matter of days.
Loan Closing Phase
After your loan is approved, your dedicated closing team
works with you to coordinate every last detail.
Our closing experts ensure all closing conditions are satisfied and all documentation
is properly prepared. During the loan closing phase, we all share a common
goal; to get your loan closed in a timely manner.
On-Going Service
Our commitment to the success of your business does not end when the loan closes. We’re here to provide ongoing support and to do what we can to facilitate the growth and success of your business. Our team is available to offer consultation and guidance as needed. This ongoing communication is unique to the SBA industry and is a resource our clients find invaluable.
Loan Consultations:
Our lenders will work with you through the entire process starting with a free loan consultation. During this consultation, you will be able to discover your options and review the approval process. We will learn about your unique business and your goals, and talk about how to structure financing that will meet your business needs. All you have to do to schedule your consultation is to go to https://loans.firstbanklake.com/sba-loan-consultation/ and fill out the form!
You Specialize in Business, We Specialize in Business Financing!
Have you been thinking about purchasing an existing business or franchise?
Are you an entrepreneur who sees a need for a product or service, and has
an idea for a business that meets that need?
Do you have a small business that you have nurtured to the point it is
ready to expand or grow? At First Bank of the Lake, our goal is to support your vision with financing that
makes good business sense. We are more
than just lenders. We are your lending
partners. In the same way that you dedicate
your heart, time, and ideas to your business and your vision for its future, we
focus our resources on helping businesses understand the myriad of options available
to them. We believe educating you on how each option
will affect things like cash flow, taxes, operations, and overall competitiveness
is important for you to be able to make the best decision.
If you are looking to start, expand, or purchase an existing
business, we are here to give you the information you need to make an informed
decision. If you want an SBA lender that takes a consultative approach and partners with
you to structure the financing you need to help grow your business and achieve
success, we are able and ready to be that partner. Schedule your consultation today! For more banking tips and helpful information
about banking at the Lake of the Ozarks, be sure to follow us on social
media using the channels below!
No comments:
Post a Comment