Loan Usage
Working Capital Loan
Working capital is one of the most common usages for SBA loans
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Is cash flow unpredictability threatening your business stability?
Managing cash flow is a major challenge for small businesses and directly affects their ability to survive. According to the Bureau of Labor Statistics, 18% of businesses fail in the first year, 50% within five years, and 65% within ten years. With many businesses struggling to manage cash flow to cover everyday expenses like payroll, rent, and utilities, while trying to finance growth opportunities.
A recent survey revealed that 69% of small business owners have been kept up at night by concerns over cash flow. Unexpected costs or delayed payments can lead to shortages, forcing owners to dip into reserves or take on debt. When cash flow tightens, plans for purchasing inventory or hiring new staff often get delayed, holding back growth. Without access to flexible financing, many businesses get stuck balancing immediate needs and long-term planning.
Seize growth opportunities with flexible financing
When cash flow gets tight, it can feel like you’re juggling a hundred tasks at once, just keeping the lights on while trying to plan for growth can seem impossible. Fortunately, SBA loans offer flexible, affordable financing to help manage daily operations without sacrificing your future. Whether it’s covering expenses, increasing inventory, or hiring more staff, SBA loans provide the working capital your business needs without straining your finances.
Take the SBA 7a Loan, for example. This popular loan offers up to $5 million in funding and can be used for nearly any business expense—payroll, inventory, or bringing in new employees. With low down payments and longer repayment terms, the 7a loan helps maintain healthy cash flow while you access the funds you need to grow.
At First Bank of the Lake, we specialize in helping businesses balance immediate needs with long-term goals. With over $1.1 billion in SBA financing provided, we’re here to help you secure the working capital your business needs to succeed—without the extra stress.
The Numbers
in Loans 2024
Largest SBA Lender^
Small Businesses Helped 2020-2024
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The First Bank of the Lake rep and I bonded over faith, fishing and finance. They got my loan done in under 30 days in very, very trying circumstances.
Issac Reed
President, Reed’s Moving Services
If we ever need business capital, my first call would be to First Bank of the Lake. Why would I look elsewhere?
Barry Norfleet
Co-founder, Lifetime Green Coatings - Kentucky
I got my $345,000 SBA loan approved from First Bank of the Lake in 35 days!
Kasia Anderson
President, Woof Gang Bakery - Bradenton, FL
First Bank of the Lake was the best banking experience I have ever had.
Andy
Co-founder, President, Winter Park Ski Rental
The bank process was as easy it could be. The biggest thing is how transparent and reliable they were.
Tyler Green
Co-founder, President, Freelite AZ
My First Bank of the Lake rep was great – Easily the finest banker I have dealt with in my life.
Dan Billings
President, Tint World - San Antonio
Big thanks to Emil and the First Bank of the Lake team. I would recommend them to anyone else in a heartbeat and I would absolutely use them again.
Rock Katic
President, Perfect Moving
SBA Industry Loans
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We made $600MM in SBA loans in the last year alone
