Loan Usage
Business Development Loans
SBA loans can be used for sales, marketing and business development
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Top 5 SBA franchise loan lender*
+$600 million franchise loans funded
+$2 billion in SBA loans since 2020
+2,000 SBA loans funded since 2020
Many businesses find it tough to get financing for brand expansion
Many businesses struggle to secure financing for business development and marketing, two critical growth tools. According to the Federal Reserve, 61% of small businesses faced financial challenges in the past year, with marketing and expansion being key areas of need. Many lenders view marketing expenses as high-risk investments, as their returns are often unpredictable and sometimes unmeasurable. This makes it difficult for business owners to obtain the necessary funding to grow their brand and customer base.
Moreover, marketing is often seen as an operational expense rather than an investment in future growth. This perception leads to a lack of dedicated financial products tailored to support strategic marketing campaigns or expansion plans, creating further barriers for entrepreneurs seeking to scale. With business development and marketing being essential for long-term success, finding creative financing solutions is crucial for small businesses to overcome these challenges.
Expand your marketing reach with a working capital loan
The SBA 7a and 504 loan programs are excellent options for small businesses looking to finance their marketing needs. The 7a loan is a versatile option, allowing for up to $5 million in funding that can be used for working capital, including marketing campaigns, digital advertising, and customer acquisition strategies. With long repayment terms of up to 10 years for working capital and competitive interest rates, the 7a loan gives businesses the flexibility to invest in growth without facing immediate financial strain.
The SBA 504 loan, while typically used for larger investments like real estate or equipment, can also be leveraged for marketing initiatives in certain cases, especially if tied to business expansion or modernization. The 504 loan offers long-term fixed rates and up to $5 million in financing, which can help businesses develop robust marketing plans that support broader operational growth.
First Bank of the Lake, a preferred SBA lender, has helped small businesses secure over $1.1 billion in SBA loans, offering personalized guidance through the process. Our expertise in SBA lending ensures businesses can access the capital they need to grow their brand and marketing reach.
Real business owners. Real results.
Woof Gang Bakery SBA Loan Case Study
After years in HR, Kasia followed her passion for animals and, with a $345K SBA loan from First Bank of the Lake, quickly launched her Woof Gang Bakery & Grooming franchise — already nearing breakeven just months in.
Tint World SBA Loan Case Study
After losing his wife, a friend, and his life savings, Dan Billings reinvented his life with a Tint World franchise — and with guidance and an SBA loan from First Bank of the Lake, his business is thriving and he’s already eyeing a second location.
Lifetime Green Coatings SBA Loan Case Study
Father and son duo Barry and Parker Norfleet launched six Lifetime Green Coatings franchises with a $400K SBA loan from First Bank of the Lake — quickly setting up operations and nearly breaking even within just three months.
What Our Customers Say
Gave Me the Confidence I Needed
Huge thanks to Tammy and Brandi. Tammy was my first point of contact and gave me the confidence I needed since there isn't a local branch near where I live. Brandi has been answering ALL my questions since and has excellent follow up and has taken great care of me.
— Michele Houston
Genuinely Interested in Helping My Business Succeed
First Bank of the Lake was a tremendous help in securing a 504 small business loan for my company. Every staff member I interacted with was professional, friendly, and genuinely interested in helping my business succeed.
— Don Kamb
Exceptional Service
I cannot say enough positive things about my experience working with Eric as my SBA loan officer. From start to finish, he provided exceptional service and went above and beyond to ensure that every issue we encountered was resolved quickly and efficiently.
— Bryan Crowe