Franchise financing and veteran's financing from First Bank of the Lake

SBA Loans for Specific Industries and Businesses

Customized funding options for a wide range of industries.

Learn about franchise financing, veterans financing and more from top SBA lender First Bank of the Lake. We make SBA loans to over 25 industries.

Small businesses account for 44 percent of all economic activity in the United States.

The Small Business Administration, more commonly known as the SBA, offers a variety of programs designed to help small businesses achieve their full potential in the competitive marketplace.

SBA loans are available in amounts ranging from $50,000 to $15 million, which can provide flexibility and access to funding your business needs to achieve greater success now and in the future. SBA loans are available in several different options, including the 7a loan, the 7a small loan and the 504 standard loan. While the SBA is a good source of guidance on which loan is right for you, working with a trusted banking institution can provide you with help that is tailored to your specific business and your unique set of needs.

At First Bank of the Lake, we offer funding options for a wide range of industries across all 50 states, lending more than $500 million in SBA loans last year alone. We currently work with more than 40 different industries to provide customized funding options for our customers. Below are just a few examples of the different industries we have helped:

Dental practices
Skilled nursing services
Healthcare facilities and medical offices
Chiropractic care providers
Export companies
Mergers and acquisitions (M&A)
Manufacturing companies
Veterinarian practices
Optometry offices
Pharmacies
Veteran-owned businesses
Senior care facilities
Restaurants
Childcare facilities
Gyms, spas and fitness centers
Retail stores
Warehouses and distribution centers

If you are starting a small business or your current business needs additional funds to acquire property, to expand your operations or for other business needs, finding the right funding solution can be challenging. Working with a trusted financial institution can help your business secure the funding you need to pursue your small business goals and to achieve growth and profitability in your business.

SBA Loan Programs: Which One Is Right For You?

The SBA offers a variety of loan programs designed specifically to meet the needs of small business owners. Some of the most popular SBA loan programs are:

7a loans can be used for purchasing, refinancing or improving real estate and to provide working capital for ongoing expenses. A 7a loan can also be used to purchase furniture, machinery and equipment. They may also be used to refinance debt or to change ownership of the company through buyouts and other strategies. Because these loans can be used for multiple allowed purposes, SBA 7a loans are one of the most versatile options for small business owners.
504 loans are long-term financing options that offer fixed rates for borrowers. These SBA-backed loans can be used for the purchase of property, facilities, equipment and machinery and renovations of current facilities and real estate.
Microloans are smaller loans of up to $50,000. These loans are available to for-profit small businesses and some non-profit industries, an intermediary lender will be able to review your eligibility.

The SBA does not directly offer these loans to borrowers. Instead, the SBA guarantees the repayment of loans offered by approved SBA Lenders. At First Bank of the Lake, we are proud to be designated as a Preferred Lender by the SBA, highlighting our years of efficient SBA lending, policy knowledge and total volume of loans successfully funded. Resulting in a streamlined, quicker approval for the small businesses we have partnered with. From franchise start-ups to established businesses, we work with our customers to ensure the best possible financial option for their current business needs, helping small businesses achieve success.

Franchise Funding That Works for Your Business

Purchasing a franchise can allow you to enjoy the flexibility of being your own boss and managing your own business, while utilizing an established business model. However, securing financing for franchise fees, equipment acquisitions and working capital needs can sometimes be a challenging proposition. Finding the right franchise loan is essential to manage your operations in the most profitable way. A franchise SBA loan is a great place to start when you need cash to purchase a new franchise, expand to a new location, purchase real estate, buy or upgrade technologies and equipment, to refinance debt or for any other allowable purposes.

At First Bank of the Lake, we specialize in providing the right solutions for franchise funding and franchise loans that can be used for a wide for variety of business needs and growth initiatives:

Startup franchise loans: If you are planning to purchase a franchise, finding the right funding can be critical to your success. At First Bank of the Lake, we offer franchise financing options designed with your business needs in mind.
Franchise funding for expansions: The franchise funding options available from First Bank of the Lake include SBA 7a loans, which are ideally suited for expanding your business or upgrading your current locations.
Franchise loans for equipment purchases: If you need to upgrade your current equipment or to purchase new machinery or equipment for your business operations, our franchise financing options could be a good fit.
A SBA franchise loan for refinancing debt: Depending on the type of franchise SBA loan you choose, you may be able to refinance debt at a lower rate of interest or with more favorable terms. Because the SBA offers longer-term variable rate and fixed-rate loans, you can often manage your cash flow and working capital more effectively by using these franchise financing options.

Acquiring the right loan for your franchise can help you take advantage of new opportunities and can promote the success of your business operations. For instance, if you operate a mobile dog wash out of a truck, acquiring a new vehicle with franchise financing may allow you to serve more customers and achieve higher revenue. We can provide you with outstanding options for franchise funding that will work for your business needs.

In most cases, an SBA 7a loan will be the best option for funding your franchise acquisition or expansion. SBA 504 loans can be used to acquire real estate or to purchase equipment that will be used for 10 years or more. 504 loan programs are designed for commercial real estate financing and can provide the funds needed to purchase real estate for your franchise if necessary, but 504 loans do not have the same flexibility for other uses that the 7a loan program offers.

Manufacturing Financing to Upgrade Your Production

Finding affordable manufacturing financing options can allow you to expand your business or upgrade your equipment or systems to improve productivity and revenue. First Bank of the Lake offers manufacturing SBA loans designed to suit your needs. Our manufacturing financing team can provide you with the best solution for your business needs.

Manufacturing business SBA loans can be used to start your business, to purchase an existing business, for the acquisition of commercial real estate, to buy out partners or to buy or upgrade equipment or to refinance some types of debt. For property purchases or capital equipment expenses, an SBA 504 manufacturing loan may be the best choice. Other acquisitions, shorter term needs or working capital needs may be best suited to a SBA 7a manufacturing company loan.

First Bank of the Lake can provide manufacturing financing options designed to suit your company’s needs. If you are interested in a manufacturing SBA loan or any of our other loan programs, we can help. Our manufacturing loan team can provide practical suggestions and reliable help for your business. If you need a manufacturing loan that works for you, we have the expertise to help you navigate your loan options and help your business succeed.

Commercial Real Estate SBA Loans

Commercial real estate financing can allow your business to acquire a commercial real estate space or to expand your current real estate holdings. The SBA 504 loan program is designed to assist small businesses in acquiring the commercial real estate financing they need. A commercial real estate SBA loan is a great option for businesses that qualify. With typically lower long-term fixed interest rates and longer loan terms, SBA backed commercial real estate financing options can help your business purchase the commercial space it needs to operate successfully.

We focus on customized commercial real estate funding solutions, tailored to your needs. As an SBA Preferred Lender, we provide expert guidance on navigating the intricacies of these SBA loan programs. We are here to help you with the right funding solutions for your specific set of needs.

Professional Services Financing Options

Accounting firms, legal practices, consulting companies, dental and medical practices are just some businesses that are classified by the SBA as professional services. We can help find the right professional services financing to suit your current and future financial needs:

Accounting firms: Accountants can also benefit from the professional services firm loans available from First Bank of the Lake. We offer an array of accounting firm SBA loans tailored to suit your needs.
Legal practices: A professional services SBA loan can provide the funding needed to expand your law practice, move to new and better offices or to refinance some types of debt on better terms. If you are looking for a law firm SBA loan, please contact us.
Consulting companies: A professional services firm SBA loan can allow you to fund a new office, acquire necessary equipment or manage debt/cash flow more effectively.

Whether you are looking to start a new professional service, or expand your current one, First Bank of the Lake has a financing option that will fit your company’s needs. With our experienced lending team, we are available to help you find the best financial solution for your business’ growth and success.

Search Fund Financing for Your Small Business

Search funds have been around since 1984 and are a popular investment vehicle for privately held companies. These funds are designed to raise capital and to provide investors with a practical way to enter the business world without the risks of starting their own companies. A search fund loan can allow you to acquire a working business that suits your needs.

The team at First Bank of the Lake can help you find search fund loan options that are right for you. From a search fund SBA loan to commercial search fund financing, we specialize in creating customized loans that work for your needs. Our search fund SBA loan team is here to help you find the most practical solutions for your current and ongoing needs.

Veteran Business Funding: The SBA and Beyond

At First Bank of the Lake, we are committed to providing the best options for veteran business funding. We specialize in veterans funding for small businesses and can help you determine if a veteran’s SBA loan is right for you. The SBA offers certain advantages for veteran business SBA loans that include lower rates. In addition, we waive the $2,500 packaging fee for veteran business loans that qualify.

We have an exclusive veteran business loan package that offers great SBA loan rates. We are proud to have a veterans financing department staffed by military vets, which ensures that your loan application will be given special priority by the members of our dedicated veterans SBA loan team. We understand the challenges military veterans face when transitioning from service to business owner and our veteran staffed team is ready to support their fellow veterans seeking business financing. It is our goal to make the process of obtaining a veteran SBA business loan easier and more transparent for these valued customers.

If you are looking for a veteran business loan to support your small business, we can provide you with guidance and support in finding veteran financing that works for you. Whether you are starting a new business or expanding a current one, First Bank of the Lake is here to help you obtain the financial support your veteran-owned business needs and to help you transition from service to success.

Schools and Educational Facilities Loans

Finding the right SBA loans for schools and other educational institutions can be challenging. First Bank of the Lake offers SBA loans for daycare, education and other child care businesses with specialized financing options, designed to meet your needs for growth, working capital and equipment. Our SBA loans for childcare based business owners can be used to start or expand your business, to upgrade your available technologies and to serve your students more effectively. We offer a variety of school and childcare financing options that can help you access the funds you need much more easily.

SBA loans for day care business operations: Our lending team can offer financial solutions to manage operating costs and short-term capital expenses. Our SBA daycare financing options can help you make improvements or expand, which may increase your company’s appeal for potential students and their parents.
SBA loans for childcare business owners: Montessori schools and other childcare operations require reliable childcare financing and we offer SBA options that can make it easier for you to manage your financial situation including cash flow and working capital
Financing options for private schools: The right loans can help private schools upgrade equipment and technology, expand marketing and improve working capital, as well as improve their campuses and promote a great educational experience for the students they serve.
Funding for sports schools and camps: Camps and schools that focus on specific activities can also benefit from the numerous SBA loan options available.

The Best Restaurant Financing Options

Many restaurants and other small businesses can experience financial peaks and lulls. If you need additional working capital to navigate these seasonal changes in your business, First Bank of the Lake can provide you with a customized SBA loan. The right SBA loans for restaurants and food-serving bars may provide added financial stability when you need it most. Our restaurant financing team can provide you with great SBA loan options. We are the experts on SBA loans for restaurants, bars and other food and drink purveyors.

SBA Construction Loans

The right construction financing solutions can help your business achieve greater productivity and profitability in the competitive marketplace. We offer both SBA 504 and 7a construction financing options tailored to suit your business construction requirements up to $15 million. We specialize in providing the most practical SBA construction financing programs for your unique set of needs. If you are looking for a cost-effective and practical way to manage your financial situation, our SBA construction financing solutions could be right for you.

SBA Fitness Company Loans and Gym Loans

An SBA gym loan can help you buy new equipment, replace aging equipment and improve the overall appeal of your fitness business. Our friendly and deeply knowledgeable financial experts can provide you with guidance on SBA fitness company loans and other gym financing options that could work for your needs. As specialists in fitness focused companies and gym financing, we can design an SBA gym loan that is precisely right for your business.

SBA Quick Service Restaurant (QSR) Financing for Your Business

Financing for quick service, carry-out companies, bakeries and other food manufacturers can allow these businesses to grow and can boost their chance of success in competitive marketplaces. Whether you bake cupcakes for retail sale or operate a franchise business that sells specialty food items, our team offers SBA retail store financing that can allow you to make renovations, tenant improvements, acquire new locations or upgrade your manufacturing equipment. We specialize in customized retailer financing that includes SBA retail loans as well as traditional loan options designed to provide you with the right solutions for your needs. We can provide you with an SBA retail loan that is precisely right for you.

Spa Loan Financing

If your spa needs startup capital, an overhaul, an expansion or new equipment, the SBA spa loans available from First Bank of the Lake are a great place to start. We offer SBA spa loans designed with your needs in mind. Updating your spa equipment and facilities can improve your ability to attract new customers and provide a better experience for existing customers. An SBA 7a spa loan could also provide working capital for your business that can help you achieve greater success now and in the future.

SBA Hotel Financing Options from First Bank of the Lake

Operating a hotel comes with its own unique set of challenges. At First Bank of the Lake, we have the experience and knowledge of the hospitality industry necessary to deliver the best SBA hotel financing solutions for your needs. Both 7a loans and 504 loans backed by the SBA are available to help you acquire new properties, to purchase additional flagged hotels or complete your property improvement plan (PIP) required by your hotel brand’s flag. If you are looking for SBA hospitality loans that work for you, we are here to help you find the best financing option for your hotel’s needs.

Great SBA Warehouse Financing Solutions for You

Expanding your warehouse or distribution center can help you achieve greater profitability in this market sector. Our team at First Bank of the Lake can provide you with SBA warehouse financing that can help you purchase a new property, upgrade your current sites and improve your equipment to boost productivity. We offer 7a and 504 SBA warehouse loans to suit most small business needs. If you are looking for SBA warehouse loans that work for you, we are here to help you.

The Right Healthcare Business Loans

We maintain a division dedicated to providing financial products and services for our healthcare providers. These business loans for healthcare providers are designed to provide funding for acquiring new properties, managing cash flow concerns, upgrading equipment or renovating your current office spaces. We offer SBA 504, 7a and working capital options that can provide the necessary healthcare funding for your needs.

Our team of dedicated financial professionals can provide you with the best options for healthcare SBA business loans and other financing solutions. We seek out healthcare funding options that are both affordable and practical for your company. If you are considering a healthcare SBA business loan, the friendly and knowledgeable experts at First Bank of the Lake can provide the right financing options for you.

Chiropractor SBA Loans to Help Your Business and Your Patients

Chiropractor financing options from First Bank of the Lake can allow you to enjoy greater financial flexibility while serving patients more effectively. First Bank of the Lake offers chiropractor SBA loans and other chiropractor financing options designed to suit your needs now and for the future of your practice.

Dental Practice Loans

Dental practice financing can provide added financial support for you and your business. A dental practice loan can assist you in starting your practice, acquiring or expanding to a new dental practice, buying out partners or managing cash flow issues within your business. Dental practice financing options include several types of 7a and 504 SBA loans, which can provide longer-term stability for your financial situation.

If you need a dental practice SBA loan, we can help you with dental practice financing options tailored to your needs. Depending on the type of dentist loan you choose, you can purchase new equipment, acquire real estate for a new office or upgrade your current location. We offer dental loans designed with your needs in mind and if you qualify for a dentist SBA loan, our team specializes in dental practice financing options that are tailor-made for your current and potential needs.

Doctor and Medical Business Loans

We offer SBA medical business loans that can provide funds for expanding your office space, updating your medical equipment and purchasing a new medical office for your practice. Our 504 SBA medical business loans can be used to purchase real estate, to renovate your current offices or to purchase durable medical equipment. We also offer 7a medical office loans backed by the SBA that can be used to secure working capital or for a wide variety of other practical business uses.

Our team can design a medical office loan that will provide you with the funding you need on terms you can afford. Whether you need SBA-backed medical business loans or other loan options, we are here to help you achieve greater success with your medical practice.

Optometry Business Loans

If you are looking for optometry financing, First Bank of the Lake offers a variety of optometry financing options that can help you acquire new equipment, expand your office space or move to a brand-new location. We offer optometry business SBA loans that include 7a and 504 loans. SBA 504 loans are primarily designed for obtaining capital equipment or real estate or for the renovation or upgrading of these items. By contrast, SBA 7a loans for optometry business financing can be used more flexibly and can even provide working capital for your business. If you need an optometry business SBA loan, our team can assist you. We specialize in finding the best optometry business financing solutions and can deliver the right options for your needs.

Pharmacy Funding

As a pharmacy owner, you need access to reliable funding for your business operations. We can provide pharmacy financing options that will allow you to expand your business or to acquire working capital for your business. If you are looking for pharmacy financing on terms that work for your business, our team is here to help with innovative pharmacy funding options designed with your needs in mind.

Our pharmacy financing team has the experience and the know-how you need to find the right pharmacy SBA loan for your needs. Whether you are seeking a loan for a new acquisition, to buy out a partner, expand locations or to manage overhead expenses, we can deliver the pharmacy funding solutions you need to achieve to continue to grow.

Veterinarian Practice Financing That Works for Your Practice

As a veterinarian, you provide care for pets and the people who love them on a daily basis. If you are looking to expand your practice or need to upgrade your equipment or location, the veterinarian business financing options available from First Bank of the Lake can provide the funds you need for these objectives. An SBA veterinary practice loan can allow you to renovate your current office space, buyout partners, move to a better location or manage ongoing expenses.

Our veterinarian funding solutions include loans backed by the SBA. We can design veterinary practice financing options that are specifically tailored to your needs. If you qualify for a veterinary practice SBA loan, these veterinarian funding options typically offer better terms and rates. We will work with you to determine if a veterinarian SBA loan is the best choice for your practice or if another type of loan would be more practical for you.

Providing the best possible treatment options for your animal patients is a priority. We can provide veterinarian business financing for a variety of purposes, including the purchase of a new office, expanding to a second or third location, upgrading or replacing equipment and acquiring working capital to manage your operations more effectively. Our veterinarian loans are customized to incorporate your key priorities and to minimize any concerns you may have.

We specialize in providing guidance and support for veterinarian SBA loans and other types of veterinary practice financing. If you are considering a veterinary practice SBA loan, our team is here to help you find the ideal solution for your needs.

Skilled Nursing SBA Loans

Our team designs financing options for skilled nursing facilities that will provide the funds necessary to expand or improve your services for your patients. If your facility is looking for a skilled nursing SBA loan or other financing options, we are here to help. Whether you need an affordable nursing business SBA loan or other skilled nursing business financing solutions, we can assist you in finding the most practical solutions for your financial needs. Our team is committed to finding the most appropriate business financing options for our customers now and throughout the life of your business.

Senior Care Financing Solutions from Frist Bank of the Lake

If you run a senior care facility, finding the best financing options can be challenging. We can help you find a senior care SBA loan that will suit your needs perfectly. Whether you are planning to expand your current operation or to upgrade equipment and other elements of your facility, we can find the right senior care SBA loan to suit your needs. We specialize in senior care financing that really works for our customers.

ESOP Financing and Funding Options

If you are planning to offer an employee stock ownership program (ESOP), the right ESOP funding can help you offer these highly desirable benefits for your staff members. The ability to buy into the company can improve morale and can allow you to attract the best employees. First Bank of the Lake offers ESOP financing options that could help you achieve greater productivity and profitability by motivating your staff members. We make ESOP funding easier for you and your business.

Mergers & Acquisitions: M&A Financing from the SBA Lending Experts

Mergers and acquisitions (M&A) can help your business to improve its market position and can resolve certain issues that can impede growth and profitability. An M&A SBA loan is a practical option for companies that can qualify. At First Bank of the Lake, we can provide M&A funding that is tailored to your needs.

Whether you plan to acquire a business or to merge with a company to expand your reach and your profitability, our team can offer M&A financing options designed to meet your needs. We can help you determine if an M&A SBA loan is the right choice for you. If you do not qualify for an M&A SBA loan that suits your needs, we offer a variety of other M&A funding options. Our team is here to help with all your M&A financing requirements now and in the future.

Practical Import and Export Financing Solutions

If you are starting an import-export business, First Bank of the Lake can help you access the right export loan options for your needs. We work with you to determine the right export financing solutions to provide working capital, to acquire inventory and to manage overhead costs. We are the best source for export loans designed to suit your needs.

SBA 7a and 504 Loan Types and Programs

Here are the attributes of 504 loans, 7a standard loans, 7a small loans and 7a Express Loans.

504 Loans Provided through Certified Development Companies (CDCs) which are licensed by SBA
Maximum Loan Amount	504 CDC maximum amount ranges from $5 million to $5.5 million, depending on type of business or project.
Percent of Guaranty	Project costs financed as follows: CDC: up to 40% Lender: 50% (Non-guaranteed) Equity: 10% plus additional 5% if new business and/or 5% if special use property
Eligible Use of Proceeds	Long-term, fixed-asset loans; Lender (non-guaranteed) financing secured by first lien on project assets. CDC loan provided from SBA 100% guaranteed debenture sold to investors at fixed rate secured by 2nd lien.
Maturity	CDC Loan: 10, 20 or 25-year term fixed interest rate. Lender Loan: Non-guaranteed financing may have a shorter term. May be fixed or adjustable interest rate.
Maximum Interest Rates	Fixed rate on 504 Loan established when the debenture backed loan is sold. Declining prepayment penalty for 1/2 of term.
Who Qualifies	Alternative Size Standard: For-profit businesses that do not exceed $15M in tangible net worth, and do not have an average two full fiscal year net income over $5M. Owner Occupied 51% for existing building or 60% for new construction of a building.
Benefits to Borrowers	Low down payment - equity (10, 15 or 20 percent) (The equity contribution may be borrowed as long as it is not from an SBA loan) Fees can be financed; SBA /CDC Portion: Long-term fixed rate Full amortization and No balloons

7(a) Loans
Maximum Loan Amount	$5 million
Percent of Guaranty	85% guaranty for loans of $150,000 or less; 75% guaranty for loans greater than $150,000 (up to $3.75M maximum guaranty)
Eligible Use of Proceeds	Term Loan. Expansion/renovation; new construction, purchase land or buildings; purchase equipment, fixtures, leasehold improvements; working capital; refinance debt for compelling reasons; for inventory or starting or purchasing a business. Only owner-occupied commercial real estate is eligible.
Maturity	Depends on ability to repay. Generally, working capital not to exceed 10 years; Equipment, fixtures, or furniture not to exceed 10 years. Except term may be up to 15 years if IRS asset class useful life supports longer term. Lender must document in credit memo justification of any term that exceeds 10 years; real estate up to 25 years. No balloons or demand features permitted.
Maximum Interest Rates	Effective Aug. 1, 2022 $50,000 or less Prime + 6.5% $50,001 - $250,000 P + 6% $250,001—$350,000 P + 4.5% $350,001 and greater P + 3% Fixed Rate: See Downloads and Resources section.
Who Qualifies	Must be a for-profit business & meet SBA size standards; show good character, credit, management, and ability to repay. Must be an eligible type of business. Prepayment penalty for loans with maturities of 15 years or more if prepaid during first 3 years. (5% year 1, 3% year 2 and 1% year 3)
Benefits to Borrowers	Long-term financing; Improved cash flow; Fixed maturity; No balloons; No prepayment penalty (under 15 years)

7(a) Small Loans Is any 7(a) loan $500,000 and under, except the Community Advantage and Express loans
Maximum Loan Amount	$500,000
Percent of Guaranty	Same as 7(a) Loans
Eligible Use of Proceeds	Same as 7(a) Loans
Maturity	Same as 7(a) Loans
Maximum Interest Rates	Same as 7(a) Loans
Who Qualifies	Same as 7(a) Plus, all loan applications will be credit scored by SBA. If not an acceptable score, the loan can be submitted via full standard 7(a) or Express.
Benefits to Borrowers	Same as 7(a) Loans

SBA Express
Maximum Loan Amount	$500,000
Percent of Guaranty	50% regardless of loan amount.
Eligible Use of Proceeds	May be used for revolving lines of credit (must have term-out period not less than draw period) or for a term loan.
Maturity	LOC: Max period Revolver = 60 mo.; Max term out period = 60 mo. For total of 10 yrs. Term loan: same as 7(a)
Maximum Interest Rates	Same as 7(a) Loans
Who Qualifies	Same as 7(a) Loans
Benefits to Borrowers	Fast turnaround; Streamlined process; Easy-to-use line of credit

Why Choose First Bank of the Lake?

Our team has both the depth of knowledge and the experience needed to help you find SBA loans that are suited to your needs and your industry. Some of the most important advantages of choosing First Bank of the Lake for your SBA loan include:

Our expertise in franchises and our proven experience in all types of SBA loan programs
Status as an SBA Preferred Lender
Rapid response times for applications and inquiries
A variety of flexible loan options that include SBA 504 and 7a loans and traditional loans
Creative problem solving to help you get the right SBA loan for your needs
Added flexibility and a commitment to top-notch customer service
Veteran rate discounts and waived packaging fees
An array of options for your construction needs that include ground-up building loans and tenant improvement options
Experienced underwriters who can evaluate your loan application and provide you with a prompt response
Dedicated teams for veteran loans, small loans, franchise purchases and many other SBA loan options
Robust due diligence for every loan we underwrite
Staff members with proven experience in the SBA loan marketplace
Award-winning management team that maintains the highest standards of excellence in the lending field
Start-to-finish assistance with your SBA loan application

Our loan process is simple and easy to understand. At First Bank of the Lake, we work with you at every stage of the process to make sure that your SBA loan documentation is complete and submitted in a timely manner. We are a trusted SBA Preferred Lender with a solid reputation for helping small businesses achieve their financial goals. Whether you are a startup entrepreneur or an established small business owner, First Bank of the Lake is here to help you navigate your financial needs.

About First Bank of the Lake

The friendly financial experts at First Bank of the Lake offer SBA loans designed with the needs of our customers in mind. We financed more than $500 million in SBA loans over the past 12 months and are ranked as the 14th largest SBA lender in the United States. Since our founding in October 1985, we have offered outstanding customer service and the best financial options for their needs. Today, First Bank of the Lake offers loans for business enterprises across the United States. To learn more about our bank or to apply for an SBA loan, visit our website or check us out on Facebook or LinkedIn. Our friendly and knowledgeable staff members will be happy to discuss your loan options with you and to help you achieve the highest degree of success in your chosen industry.

First Bank of the Lake (“Bank”) does not provide financial, investment, tax, legal, or accounting advice. The content provided is for informational purposes only and should not be relied upon or considered as an express or implied recommendation, warranty, guarantee, offer, or promise. You should consult your own financial, investment, tax, legal, and accounting advisors before engaging in any transaction. Information provided is not exhaustive and is subject to change without notice. Accuracy is not guaranteed. Outlooks and past performance are not guarantees of future results. Articles may contain information from third-parties, and the inclusion of such information does not imply an affiliation with the Bank or Bank sponsorship, endorsement, or verification regarding the third-party or its information. Any external websites linked to this information are not managed by Bank. All third-party trademarks, service marks, trade names, and logos referenced in this material are the property of their respective owners. All loans are subject to credit approval. Qualifications, terms, and conditions apply to all Bank products and services.