Commercial Business Loans
Download and fill out our Personal Financial Statement form
Commercial Real Estate Loans
If your business is growing and you’re ready to expand, let First National Bank of Bastrop help you finance your next building project.
First National Bank Loan Officers can help finance your purchase. Stop by today and talk with a knowledgeable business banker at The First National Bank of Bastrop to structure the appropriate financing for your next major equipment purchase.
Small Business Loan (SBA)
SBA loans can help you get the credit you need to start or expand your business. Favorable financing terms are available to qualified individuals.
“Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered about 20 million loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.”
Documentation requirements may vary; contact Fil Valderrama at at 512-321-2561 for more information.
Common requirements include:
- Purpose of the loan
- History of the business
- Financial statements for three years (existing businesses),
- Schedule of term debts (existing businesses),
- Aging of accounts receivable and payable (existing businesses),
- Projected opening-day balance sheet (new businesses),
- Lease details,
- Amount of investment in the business by the owner(s),
- Projections of income, expenses and cash flow,
- Signed personal financial statements and personal resume(s).
What type of interest rate, terms and fees does the First National Bank require on Commercial Loans?
Your loan-repayment schedule depends on the use of the proceeds and the ability of your business to repay. The general terms are five to ten years for working capital; and up to 20 years for fixed assets such as the purchase or major renovation of real estate or the purchase of equipment (not to exceed the useful life of the equipment). Both fixed and variable interest rates are available. The interest rate is negotiated between the borrower and the lender/bank.
For our established customers FNB has pursued small business grants for qualifying individuals.
United States Department of Agriculture (USDA) – like the SBA has a wing of its department dedicated to rural economic development, the USDA offers favorable financing for qualifying individuals. First National Bank is experienced in pursuing this type of loan for our small business customers.
Every now and then we all need advice. If you are thinking about starting a business or you have reached a road block with your existing business, give us the opportunity to help you. With over 100 years of service to the community, we have built a strong contact base of individuals that can help you tackle any problem, no matter how big or how small. Whether you need help writing a business plan or financing your capital needs, we are here to help your business grow and prosper.