Business Loans
First Community Bank has a Business Loan product to meet your every need. Whether you are starting a new business, purchasing an existing company or investing in your own company; we have the right service for you. Stop by any of our First Community locations to speak with one of our experienced commercial lenders. The following are some of the Business Loan products First Community Bank offers:
- Small Business Administration (SBA) Loan: Many new businesses can qualify for a SBA Loan. A SBA Loan is created especially to help new businesses have the best start possible. Loan requests can be structured for longer periods of time. This type of loan can also provide favorable financing for established businesses.
- Traditional Business Financing: At some point or another, almost every business will need some type of financing. For this, we offer Traditional Business Financing for businesses. This includes Equipment and Real Estate Lending and Working Capital Loans on accounts receivable and inventory.
- Lines of Credit: Specialized Business Lines of Credit are available for businesses. Upon approval, it's as simple as making a phone call to move funds to the proper account.
- Farm Financing: The farming industry is a very important part of our communities, and First Community Bank wants to do its part to help. Farm Financing is specifically structured to best serve the needs of each individual customer. Types of Farm Financing include crop production, equipment, and real estate. We also offer operating lines of credit. First Community Bank also participates in the Farm Service Agency (FSA) Guarantee Programs.