FNB (First National Bank) start up business loans—primarily through SBA-backed programs—typically require your business to be for-profit, operating in the U.S., fall below certain size standards, and demonstrate creditworthiness and a reasonable ability to repay the loan[1][2]. The maximum loan amount for an SBA 7(a) loan is $5 million, with common loan requests beginning at $350,000[1].
Key requirements and documentation often include:
- Your business must have a tangible net worth of less than $15 million and an average net profit under $5 million over the previous two years[1].
- All available collateral should be provided. Loans may still be considered even if not fully collateralized[1].
- Personal identification and business registration documents, such as a government-issued business license, Department of State printout, or similar documentation[1].
- CPA-signed business tax returns[1].
- Articles of Incorporation or Organization, Bylaws or Operating Agreement, or Partnership Agreement depending on the business structure[1].
- All current mortgage and bank statements, plus a list of all business owners with 20% or more ownership, and all outstanding business debts with monthly payments[1].
- Tax Identification Number (TIN) for your business and/or affiliates, and a DUNS (Data Universal Numbering System) number[1].
- You must not be eligible for equivalent credit on reasonable terms elsewhere[2].
- You must not operate in a prohibited industry category as defined by the SBA[2].
SBA loans offered by FNB feature competitive rates, flexible terms (generally 10–25 years), and often lower down payments than conventional loans. Some loans may not require collateral[4][6]. The FNB application process includes preliminary documentation review, credit evaluation, and may require further information as determined by standard underwriting practices[3][5].
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