fnbo Business Loan Solutions for Growing Companies

If you're a growing company looking to expand your operations or invest in new opportunities, First National Bank of Omaha (fnbo) Business Loan Solutions can help. fnbo offers a range of loan options to suit your business needs.

With fnbo Business Loan Solutions, you can access financing for equipment purchases, real estate investments, or working capital. fnbo's experienced lenders will work with you to understand your financial goals and create a customized loan solution.

Whether you're looking to grow your business or overcome a temporary cash flow challenge, fnbo's loan options can provide the flexibility and support you need to succeed.

At First National Bank, you can access capital through the SBA Preferred Lender Program, which offers a streamlined and expedited SBA Lending process. This program is only available to the most active and knowledgeable banks, and First National has achieved this ranking due to its 160 year history of supporting business.

With the backing of the SBA, you can access capital with less money down, lower rates, beneficial terms, or extended repayment structures. Loan proceeds can be used for a variety of purposes, including working capital, equipment and inventory, commercial real estate purchases, business expansion or renovation, franchising financing, and exporting needs.

Here are some specific ways you can use SBA loan proceeds:

If you have a First National escrow account, you may also qualify for an escrow receivable loan, which allows you to borrow funds against future receivables held in your account to help manage cash flow.

A revolving line of credit can be a game-changer for managing cash flow. It gives you flexible ongoing access to funds to help cover short-term expenses or unexpected costs.

You can use a revolving line of credit to address financial surprises, like a car repair or medical bill. This type of loan can also help you seize new opportunities, like investing in a business or taking a course to boost your career.

With a revolving line of credit, you only borrow what you need, when you need it. This can be a big advantage over traditional loans that require a fixed amount upfront.

An escrow receivable loan can be a game-changer for businesses with cash flow issues.

This type of loan allows you to borrow funds against future receivables held in your First National escrow account.

You may qualify for an escrow receivable loan if your business has a First National escrow account.

The bank will examine all applications thoroughly and weigh their merits in accordance with their lending policies and all federal, state and local laws.

Construction loans can cover the costs of building a new structure, and they typically disburse funds in stages to ensure you have the resources needed as your project progresses.

First National Bank offers insights into managing construction loans effectively, so you can focus on building your vision.

Investing in the right equipment is crucial for your business's success. Whether you need machinery, technology, or furniture, a loan can help you acquire the essential tools without straining your cash flow.

A loan can help you acquire the essential tools without straining your cash flow. Explore loan options that cater specifically to equipment financing.

Equipment financing can help you get the tools you need to run your business efficiently. This can include machinery, technology, or even furniture.

At First National Bank, we're proud to be an SBA Preferred Lender, a distinction that requires a 160-year history of supporting businesses. This means we can offer a streamlined and expedited SBA Lending process.

As a Preferred Lender, we can provide you with access to capital with less money down, lower rates, and beneficial terms. This can be a game-changer for your business.

You can use loan proceeds to fuel your entrepreneurial fire with any of the following uses:

Being an always-ready borrower is crucial, as seen in 2020 when the SBA provided 42,000 flagship 7(a) loans totaling $22.55 billion to commercial applicants.

This emphasizes the importance of being prepared to apply for and receive funding whenever it's needed.

Banks consider several key factors when evaluating a business loan application. These factors are often referred to as the five C's of credit.

The first C is Capacity, which is determined by a business's ability to repay credit based on expected revenue, expenses, and cash flow.

Banks also look at Capital, which includes the financial contributions and investments made toward the business.

Collateral is another important factor, which refers to assets owned by the company that could be used to recoup unpaid loan balances.

Conditions, such as the state of the economy and industry-specific factors, also play a role in the lending decision.

Characteristics, including the borrower's educational background, business experience, and personal credit history, are also considered.

Here are the five C's of credit in a concise list:

To increase your chances of approval, it's essential to have a solid cash flow strategy in place, as banks typically lend on 80% of the loan value, requiring the borrower to provide 20%-25% toward the project or purchase.

Being an always-ready borrower can make a huge difference in your business's success, especially during uncertain times. In 2020, the SBA provided 42,000 flagship 7(a) loans totaling $22.55 billion to commercial applicants.

The SBA also provided $28 billion in loans through the CARES Act to aid businesses during the COVID-19 pandemic. This shows just how important it is to be prepared for any financial situation.

Having a solid business plan and financials in place can help you quickly apply for and receive funding when needed. The SBA's actions in 2020 demonstrate the importance of being proactive in seeking financial assistance.

By being an always-ready borrower, you'll be better equipped to navigate financial challenges and make informed decisions about your business.